Effective Internal Controls for Cash Include

question 110

Multiple Choice

Effective internal controls for cash include

• A)disbursements made by prenumbered check.
• B)cash deposited in the bank on a timely basis.
• C)written cash receipts given to customers as evidence of payment.
• D)all of these.

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Definitions:

World Price

The international market price of a good or service, determined through the global supply and demand.

Tariff Revenue

Income generated by the government from taxes imposed on imported goods, used as a tool for economic policy.

World Price

The global market cost of a good or service, shaped by worldwide demand and supply factors.

Tariff

A tariff is a tax imposed on imported goods and services, intended to make foreign products more expensive and protect domestic industries.