Ask Question
BusinessBusiness
3 December, 15:37

The procedures designed to safeguard a company's assets and ensure efficient and appropriate account data are called

+3
Answers (1)
  1. 3 December, 15:48
    0
    Accounting controls are one of the corporate procedures which aim to "design a safeguard" for the company's assets and liabilities. It is primarily used to validate the financial statements as issued in reports. In addition, to clarify the reliability of a financial information.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The procedures designed to safeguard a company's assets and ensure efficient and appropriate account data are called ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Government intervention a. can provide incentives to conduct business in an illegal black market b. plays no role in generating wealth c. is the best way to eliminate poverty d. does not enforce property rights
Answers (1)
A demand-pull system in which each component in a production line is produced immediately as needed by the next step in the production line is referred to as: A. materials requirements planning B. economic order quantity C. just-in-time production D.
Answers (1)
Allen Company bought a new copy machine to be depreciated straight line for three years for use by sales personnel. Where would this purchase be reflected on the Statement of Cash Flows?
Answers (1)
Members of a team have just outlined their approach to a problem. Part of their plan is to have their manager closely monitor the daily tasks.
Answers (1)
Dayna deposited $2700 into a savings account that pays a simple annual interest rate of 1.6%. how much interest will she earn after 6 months?
Answers (1)
New Questions in Business
The situation in which one supplier thoroughly dominates a market and essentially shuts out other competitors
Answers (1)
Under what scenarios could a foodservice operation achieve excellent food and beverage cost percentages, yet incur excessively high labor costs?
Answers (1)
Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year.
Answers (2)
A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted.
Answers (1)
When banks spend (or loan) money, the money supply increases and when interest / loan payments are received, the money supply declines ... True false
Answers (1)
Home » Business » The procedures designed to safeguard a company's assets and ensure efficient and appropriate account data are called
Sign Up Forgot Password?