Auditors would likely prepare a
proof of cash in an event where the client has substantial control weaknesses
in cash receipts and cash disbursements, since a proof of cash would incorporate
separate columns for cash receipts and cash disbursements. The proof of cash
template is otherwise called the four-column bank reconciliation.
Answer:
Action plan
Explanation:
An action plan is a detailed plan outlining actions needed to reach one or more goals.
An action plan as a "sequence of steps that must be taken, or activities that must be performed well, for a strategy to succeed
"A surgical team was operating in a rural hospital without a backup electrical generator. the power went out. to provide light for the surgery, they collected all the cell phones in the hospital and turned them on. the operation was able to proceed because the surgical team avoided functional fixedness<span> and restructured the problem."
</span>Functional fixedness is the mental process <span>that limits someone's ability to use something in a different way than that it is traditionally used. In this case, the functional fixedness would've been present if the surgical team would not proceed the surgery because of the lack of traditional light.
Restructuring a problem is when the surgical team was able to look at the problem in such a way that they were able to find solutions that would not come to immediate thinking, and require a different insight than the usual.
</span>
<span>For
the current generation, computer is widely used around the world. Student,
Employees, businessman and businesswoman, government, banks, transportation,
malls, groceries, etc.
Computer became our number one resources when it comes to researching and doing
some of our jobs. Computer can perform tasks like calculator, presentations and
even playing music and movies. We no longer need to buy DVDs or Cassettes because
computer have it all. Computer is designed to help us do our tasks easier
however, it also makes us lazy and very dependable.</span>
Answer:
Journal entry.
Debit creditors account with $15,000 and credit company's sales account with $15,000
Being quarterly journal subscription paid in advance last year.
Explanation:
The advance subscription payments customers are taken as creditors of the company. The company owes them the service of mailing the quarterly journals to them. The total creditors payment ($45,000) will be recorded as credit entry in the books of the company's creditors account and as the company discharges the liability, the amount is passed to debit side of the creditor's account. We assume equal quarterly subscription amount, which will result in $15,000 for each quarter in a year.