quize 2 - 2 of 2 Comments: 7. Question: Which one of the...

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Grade Details 1. Question: Which one of the following below is not an element of internal control? Your Answer: risk assessment monitoring information and communication behavior analysis CORRECT Points Received: 2 of 2 Comments: 2. Question: The objectives of internal control are to Your Answer: Points Received: 2 of 2 Comments: 3. Question: The cash account in the company's ledger is a(n)
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Your Answer: Points Received: 2 of 2 Comments: 4. Question: The notification accompanying a check that indicates the specific invoice being paid is called a Your Answer: Points Received: 2 of 2 Comments: 5. Question: On the bank's accounting records, customers' accounts are normally shown as Your Answer:
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Points Received: 2 of 2 Comments: 6. Question: Credit memos from the bank Your Answer: Points Received:
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Unformatted text preview: 2 of 2 Comments: 7. Question: Which one of the following would not cause a bank to debit a company's account? Your Answer: Points Received: 2 of 2 Comments: 8. Question: A check drawn by a company for $270 in payment of a liability was recorded in the journal as $720. This item would be included on the bank reconciliation as a(n) Your Answer: Points Received: 2 of 2 Comments: 9. Question: The amount of cash to be reported on the balance sheet at June 30 is the Your Answer: Points Received: 2 of 2 Comments: 10. Question: A $140 petty cash fund has cash of $18 and receipts of $120. The journal entry to replenish the account would include a credit to Your Answer: Points Received: 0 of 2 Comments:...
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This note was uploaded on 04/19/2011 for the course AC 116 taught by Professor Hill during the Spring '08 term at Kaplan University.

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quize 2 - 2 of 2 Comments: 7. Question: Which one of the...

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