_____ Is a Useful Tool to Improve the Quality and Measurability

question 13

Multiple Choice

_____ is a useful tool to improve the quality and measurability of information technology (IT) governance or to implement a system for improved regulatory compliance.

• A)Control Objectives for Information and Related Technology (COBIT)
• B)Information Technology Infrastructure Library (ITIL)
• C)Committee of Sponsoring Organizations (COSO)
• D)International Standards Organization (ISO)

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Definitions:

Cash Sales

Cash sales refer to transactions where payment is made in cash at the time of sale, without deferral.

Petty Cash Account

A small amount of cash kept on hand for minor or incidental expenses, managed through a specified fund.

Purpose

The reason for which something is done or created or for which something exists.

General Journal Entry

A general journal entry is a record of financial transactions that includes details such as date, accounts impacted, amounts, and a brief description of the transaction.