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Salsk061 [2.6K]
2 years ago
5

A strong internal control system will reduce the amount of substantive testing that must be performed.A ) True B ) False

Business
1 answer:
Doss [256]2 years ago
4 0

Answer:

A) True

Explanation:

The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.

The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.

The financial statements should be relevant, reliable and finalize in all respects.

Therefore, a strong internal system will reduce the quantity of substantive testing required.

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"scuba diving." marcy invented a new type of mask that was not subject to fogging for scuba divers and obtained a patent on it.
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Explanation:

5 0
2 years ago
Identify which of the following items would be reported in the income statement. a. Cash d. Wage expense g. Net income b. Sales
Inessa05 [86]

Answer:

Items b, d, g, h, and i

Explanation:

The following items from the given question would be recorded in the income statement;

b. sales

d. wage expenses

g. net income

h. inventory

i. cost of goods

4 0
3 years ago
why and how is the job market for administrative professionals growing or declining? what effect do you think the economy and te
Contact [7]

Explanation:

The technology will grow until 2022, and our job will have definitely improved by making it easier to communicate to our customers and by providing managers with jobs that managers have been paid less.

The job market for management workers has risen since the economic downturn in the 2008-2009 recessions.

This is anticipated to increase, as administrative workers work in economic sectors, such as education, social services, legal aid, health care and finance, that are growing and creating new jobs. The employers are looking to reoccupy these positions with so many jobs lost during the crisis and the recent recovery in the economy.

7 0
2 years ago
Some people advise the use of debit cards (rather than credit cards) because the use of debit cards __________.
Dmitry_Shevchenko [17]
In most cases there is no difference in the prize of an object depending on whether a credit card or a debit card is used.

So the main difference is that using a credit card, people can buy more than they can actually afford, so they can have debts as a consequence.
So people advice using debit cards as a way of avoiding debts.
8 0
3 years ago
on november 1, 2021, a company signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due
11Alexandr11 [23.1K]

Sx-month note is payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. Interest Payable will be reported for two months i.e. November and December is $1000.

Interest Payable = $100000 × 6% x 2/12 = $1000,

Could I borrow your pen for a moment, please? The common verb borrow means to obtain something from someone with the intention of returning it shortly. I used to give Laura frequent loans of cash. An amount over and above the repayment of the principal sum is known as interest and is paid by a borrower or deposit-taking financial institution to a lender or depositor at a set rate. Interest is the cost of borrowing money or the fee you charge to lend it. Most frequently, interest is shown as an annual percentage of the loan amount. The interest rate for the loan is denoted by this proportion.

Learn more about interest here :

brainly.com/question/27584159

#SPJ4

5 0
8 months ago
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