Question

An example of the internal control principle of establishing responsibility is: Multiple Choice bonding employees. assigning each cash drawer to only one employee establishing responsibility. accepting only EFT payment because they are directly deposited into a company’s bank account. comparing the total on the cash receipts list with the stamped deposit slip received from the bank.

Answer 1

Answer:

An example of the internal control principle of establishing responsibility is assigning each cash drawer to only one employee establishing responsibility

Explanation:

The principles of internal control are the ideas that expect the board to set systems set up to guarantee organization resources are protected. Therefore, the board uses these standards in building the approaches in securing organizational resources.

The subject of "internal controls" is continually extending, and this rundown of standards will likely grow later on too. This is the only a rundown that is most persuasive. That being stated, these standards are the premise by which the board uses to make and actualize the interior controls it builds up.