Answer:
1. Physical control
2. Segregation of duties
3. Pre-numbered documents
4. Segregation of duties
5. Establishment of responsibility
Explanation:
1. As this shows that someone locked cash in safe, so this will be physical control.
2. As this shows the division of duties among employees, so this will be segregation of duties.
3. As this shows documents are pre numbered so it comes under pre-numbered documents.
4. As this shows the division of duties for bookkeeper, so it comes under segregation of duties.
5. This shows the responsibility of any work on a person, so this will be establishment of responsibility.
Answer:
$26,250
Explanation:
If may sales were $75,000
July collection for may sales will be?
May..... sales month
June... first month after sales
July ... second month fater sales..of which 35 % is collected
July's collection will be 35/100 x 75,000
=0.35 x$75,000
=$26,250
Answer: OPTION A , B , D
Explanation: In simple words, money can be defined as any thing through the exchange of which an individual can purchase any commodity he desires and for the exchange of which he can sell any commodity he wants. Cash, coins , bank check and credit cards are modern forms of money.
A. Money serves as a standard unit for all goods hence option A is correct.
B. Money can be exchanged for every commodity available hence option B is correct.
D. Money is non depreciable asset hence it can be stored for future use leading to increase in wealth. Hence option D is correct.