Which of the following is an objective of internal control?
A. to ensure timely payment of accounts payable
B. to guarantee that a business makes a profit
C. to ensure timely collection of accounts receivable
D. to encourage employees to follow company policies
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is an objective of internal control? A. to ensure timely payment of accounts payable B. to guarantee that a business ...” 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
Nick has a goal to pay his credit card balance in full by June 30. When he first wrote the goal in December, his balance was $2,500. It is now April, and he can pay all except $200.
Answers (1)
Suppose that when the price of a good falls from $12 to $9, the quantity demanded of that good rises from 310 units to 350 units. What is the approximate price elasticity of demand between these two prices?
Answers (1)
When preparing external financial statements that are in accordance with generally accepted accounting principles, a government is required to prepare A. A comprehensive annual financial reportB.
Answers (1)
How to reduce the problem of budgetary slack
Answers (1)
On March 1, 2019, Babar Inc., pays $1,200,000 for a store building, moves into the building, and begins business on April 1. Babar properly allocates $1,020,000 of its cost to the building and $200,000 to the land.
Answers (1)
New Questions in Business
The government can raise revenue by taxing the sellers without creating deadweight loss when the demand for the goods being taxed is perfectly inelastic. A tax that raises no revenue for the government cannot have any deadweight loss
Answers (1)
A piece of machinery has a cost basis of $50,000. Its salvage value will be $5,000 after 9,000 hours of operation.
Answers (1)
Theodore Roosevelt's renewed enforcement of the Sherman Anti-Trust Act in 1901 led to the trust-busting of which business? A. J. P. Morgan Chase Bank B. Sears and Roebuck C. the Northern Securities Company D. the Bank of America
Answers (1)
Danielle, a calendar year taxpayer, lists her principal residence with a realtor on February 7, 2019, enters into a contract to sell on July 12, 2019, and sells (i. e., the closing date) the residence on August 1, 2019.
Answers (1)
Gaston Corporation issued 100000 shares of $ 0.75 par value common stock. Later that year, Gaston purchased 18 comma 000 shares of its own common stock. Two months later, it reissued 1 comma 600 shares. How many shares are issued and outstanding?
Answers (1)