Ch 7 - Name: _ 1. Match the principle of internal control...

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1. Match the principle of internal control to each of the following cases. a) Establishment of responsibility b) Segregation of duties c) Accountability for assets d) Documentation procedures e) Physical controls ____ 1. Employees' time is tracked using a time clock. ____ 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise. ____ 3. Shipping documents are prenumbered. ____ 4. The bookkeeper does not have physical custody of assets. ____ 5. Only the treasurer of the company can sign checks. 2. Identify which principle of internal control is being followed in each of the following cases. 1. Warehouse employees do not have access to the accounting records. 2. Prenumbered shipping documents are prepared for each shipment of goods. 3. The locked warehouse is accessible only by warehouse employees with keys. 1. ________________________________________ 2. 3.
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Ch 7 - Name: _ 1. Match the principle of internal control...

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