Answer:
Explanation:
1. True
Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.
Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.
2. False
Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective
3.True
Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control
4.False
Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.
Answer:
A trade-off is the actual alternative option that is given up, while the value of this alternative option is the opportunity cost. ... Marginal cost is the cost of using one more unit of a good or service, and marginal benefit is the benefit or satisfaction received from using one more unit of a good or service.
Explanation:
The answer to this question is <span> Huxley; Wilberforce
Wilberforce use an argument that it's impossible for human to be the descendant of apes because both are whole different species.
Huxley argued that human was another species of primate that able to survive through natural selection, so humans does not necessarily shares identical genetics as apes.</span>
1 or 2 mmight be the right answers but please let me know if im wrong
Answer: Debit Account Payable $1600, Credit Cash $1600
Explanation:
If the perpetual inventory system, and purchases are recorded through the use of a gross method, the correct journal entry to record the payment on July 28 will be to Debit Account Payable $1600, and then Credit Cash $1600.
In this case, we should note that we don't need any adjustment for discount. This is because the payment made was on the 28th of July.
