超星 - Chapter 4(2)

单选题

all of the following are objectives of internal control except

A. to safeguard assets
B. to ensure accurate and reliable accounting records
C. to maximize net income
D. to comply with legal requirements

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单选题

all of the following are internal control procedures except

A. Sarbanes-Oxley reforms
B. assignment of responsibilities
C. internal and external audits
D. adequate records

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单选题

Requiring that an employee with no access to cash do the accounting is an example of which characteristic of internal control?

A. Monitoring of controls
B. Separation of duties
C. Assignment of responsibility
D. Competent and reliable personnel

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单选题

All of the following are controls for cash received over the counter except

A. the customer should be able to see the amounts entered into the cash register.
B. the cash drawer should open only when the sales clerk enters an amount on the keys
C. a printed receipt must be given to the customer
D. the sales clerk must have access to the cash register tape

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单选题

In a bank reconciliation, an outstanding check is

A. deducted from the book balance
B. deducted from the bank balance
C. added to the bank balance
D. added to the book balance

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单选题

If a bookkeeper mistakenly recorded a $34 deposit as $43, the error would be shown on the bank reconciliation as a

A. $9 addition from the book balance
B. $43 deduction from the book balance
C. $43 addition to the book balance
D. $9 dedution from the book balance

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单选题

If a bank reconciliation included a deposit in transit of $790, the entry to record this reconciling item would include a

A. credit to Prepaid insureance for $790
B. debit to Cash for $790
C. credit to Cash for $790
D. No entry is required

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单选题

Before paying an invoice for goods received on account, the controller or treasurer should ensure that

A. the company is paying for the goods it ordered
B. the company is paying for the goods it actually received
C. the company has not already paid this invoice
D. the company is paying for the goods it ordered,actually received andthe company has not already paid this invoice

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单选题

Luka's Bakery is budgeting cash for 2015. The cash balance at December 31, 2014, was $14,000. Luka's Bakery budgets 2015 cash receipt at $81,000. Estimated cash payments include $44,000 for inventory, $34,000 for operating expenses, and $25,000 to expand the store. Luka's Bakery needs a minimum cash balance of $13,000 at all times. Luka's Bakery expects to earn net income of $76,000 during 2015. What is the final result of the company's cash budget for 2015?

A. $21,000 available for additional investments
B. Pay off $42,000 of debt
C. Must arrange new financing for $21,000
D. $42,000 available for additional investmemts.

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单选题

In a bank reconciliation, interest revenue earned on your bank balance is

A. deducted from the book balance.
B. added to the bank balance.
C. added to the book balance.
D. deducted from the bank balance.

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