whether each procedure is a preventive or detective control.
authorizing a credit
preparing a bank
locking the warehouse
preparing a trial
Use the internal control
procedures listed below to complete statements 6 through 12.
segregation of duties
clerk reorders 250 items when the inventory falls below 25 items. This is an
example of __________________________.
internal audit department recalculates payroll for several employees each pay
period. This is an example of __________________________.
petty cash in a safe is an example of __________________________.
a price reduction because goods are damaged is an example of
cameras to monitor the activities of cashiers is an example of
permitting the computer programmer to enter the computer room is an example of
numbering all sales invoices is an example of __________________________.