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Unformatted text preview: Name: __________________________ Date: _____________ AC 201 Quiz #5-Version C Multiple Choice Questions ( 10 points each ) 1. The principles of internal control include: A) Establish responsibilities. B) Maintain minimal records. C) Use only computerized systems. D) Bond all employees. E) Require automated sales systems. 2. Prenumbered printed checks are an example of which internal control principle? A) Technological controls. B) Maintain adequate records. C) Perform regular and independent reviews. D) Establish responsibilities. E) Divide responsibility for related transactions. 3. The number of days' sales uncollected: A) Measures how much time is likely to pass before the current amount of accounts receivable is received in cash. B) Can be used to compare a company to other companies in the same industry. C) Can be used to compare a company's condition across current and prior periods....
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This note was uploaded on 03/02/2012 for the course ACCT 201 taught by Professor Tracyedmond during the Spring '10 term at Park.
- Spring '10