Which of the Following Statements Concerning Internal Control Is True

question 21

Multiple Choice

Which of the following statements concerning internal control is true?

• A) Double entry accounting is an internal control.
• B) Fraud will be eliminated by good internal control.
• C) Physical counts of stock on hand are not part of internal control procedures.
• D) It is OK to pay accounts out of unbanked receipts as long as a note is made of what has occurred.

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Definitions:

Hunger Strike

A form of protest in which individuals refuse to eat food until their demands or conditions are met, often used as a means of non-violent resistance.

Assimilation Policy

A governmental strategy aimed at encouraging immigrants or minorities to adopt the dominant cultural norms and values of a society.

Letter

A written message from one party to another, often enclosed in an envelope and sent by post.

Act of Resistance

A deliberate action or series of actions undertaken to oppose or defy authority, control, or convention, often in the context of social or political issues.