Internal Control and Cash MCQs

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Which of the following is not a broad principle of internal control?






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Which of the following is not a broad principle of internal control?






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The proper treatment of outstanding cheques on a bank reconciliation is to show them as a(an)






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The proper treatment of unrecorded deposits (deposits in transit) on a bank reconciliation is to show them as a(an)






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The proper treatment on the bank reconciliation of a debit memorandum issued by the bank is to show it as a(an)






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The proper treatment on the bank reconciliation of a note collected by the bank for the depositor is to show it as a(an)






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The proper treatment on the bank reconciliation of an NSF cheque of a customer that is returned with the bank statement is to show it as a(an)






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Which of the following would require the Petty Cash account to be credited?






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If the petty cash fund is not replenished at the end of the accounting reporting period,






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The bookkeeper recorded a bank deposit at $450, but the bank recorded the deposit at its correct amount of $540. The bank reconciliation will require ...






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The bookkeeper recorded a cheque at $340.56 for store supplies. The cheque was recorded by the bank at its correct amount of $430.65. The bank reconci...






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At the end of the day, the cashier: (1) counts the money in the cash drawer, (2) compares the cash count with the recorded sales for the day, and (3) ...






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Management’s ability to monitor and control business operations is greatly improved with a computerized accounting system because






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To establish a petty cash fund for a department requires a journal entry that will






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Which of the following is not one of the principles of internal control.