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Home Q & A Board Other Fields Homework Help Business Accounting
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swimgal16 swimgal16
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Posts: 549
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6 years ago
____ relate to a specific AIS process, such as billing or cash receipts.
 a. Control procedures
  b. Information processing procedures
  c. Business process control plans
  d. Operations system control plans


(Q. 2) An account receivable is ________.
 
  A) an accrual
  B) a deferral
  C) a cash sale to a customer
  D) cash collected from a customer


(Q. 3) ____________________ are checks written by a depositor and paid by the bank.
 Fill in the blank(s) with correct word


(Q. 4) A vendor offers terms of 2/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer who does not pay within 10 days? (Assume there are 360 days in the year.
 
  A) 2
  B) 36
  C) 54
  D) 72


(Q. 5) The Cash balance (b.) in Lox Stock & Bagel Company's financial statement above is ________.
 
  A) the same as the retained earnings
  B) 39,910
  C) 3,000
  D) 10,910


(Q. 6) One of the two internal control procedures over inventory is to properly report inventory on the financialstatements.
 a. True
  b. False
 
   Indicate whether the statement is true or false
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yagmurcagatayyagmurcagatay
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Posts: 374
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6 years ago
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swimgal16 Author
wrote...
#2
6 years ago
Great answers
wrote...
#3
6 years ago
Thanks
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