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sattari [20]
3 years ago
7

A key modifying assumption in internal control is that the internal control system is the responsibility of management.

Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

a) true

Explanation:

Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.

The internal control is a management control tools used to ensure efficiency in operations.

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What role have public speeches served in ancient societies?
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It was an art form in Egypt as well as in Greece<span />
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4 years ago
Which of the following is a disadvantage of establishing a wholly owned subsidiary?
Fiesta28 [93]

Answer:

The answer is letter A

Explanation:

Establishing a wholly owned subsidiary is generally the most costly method.

5 0
3 years ago
Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense
ratelena [41]

Answer:

The correct answer is credit to cash by $320..

Explanation:

According to the scenario, Journal entry of the given data are as follows:

Journal entry

Delivery expense A/c Dr $66

Merchandise inventory A/c Dr $219

Misc. Expense A/c Dr $35

To Cash A/c $320                            ( $66 + $219 + $35)

(Being reimbursement of the account is recorded )

Hence, reimbursement of the account includes  credit to cash by $320.

6 0
4 years ago
If all the things we are learning in school where useful why do teachers work at a place that doesn't pay much when they could b
ser-zykov [4K]

Answer:

A lot of the times it's because they like teaching. They enjoy it, and they enjoy being around kids.

3 0
3 years ago
Read 2 more answers
A company purchases a machine for $12,000. The estimated residual value is $4,000. The machine has a useful life of 5 years, and
tatuchka [14]

Answer:

$2,400

Explanation:

The computation of the depreciation expense under the activity-based depreciation method is shown below:

= (Original cost - residual value) ÷ (estimated production units)

= ($12,000 - $4,000) ÷ (20,000 units)

= ($8,000) ÷ (20,000 units)

= $0.4 per unit

Now for the first year, it would be

= Production units in first year × depreciation per unit

= 6,000 units × $0.4

= $2,400

8 0
3 years ago
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