A Good System of Internal Control Will Include All of the Following

question 51

Multiple Choice

A good system of internal control will include all of the following except:

• A)Preparing a pro-forma financial statement on a monthly basis.
• B)Separating the handling of cash from the maintenance of accounting records.
• C)Making all major payments by check.
• D)Reconciling bank statements with accounting records.

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Definitions:

Ribosomes

Cellular structures responsible for protein synthesis, reading RNA to assemble amino acids into proteins.

Cellular Activity

The sum of all biochemical processes and actions carried out by cells, enabling growth, reproduction, and response to the environment.

Doubles DNA

Refers to the replication process where a cell duplicates its DNA before cell division, ensuring each new cell receives a complete set of chromosomes.

Cancerous

Relating to or characterized by the uncontrolled growth of abnormal cells, which can invade nearby tissues and spread to other parts of the body.