Answer:
a Description of tests performed to search for material weaknesses.
Explanation:
When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the auditor should include a Description of tests performed to search for material weaknesses.
Tests of controls may be performed to test the effectiveness of certain controls that auditors consider relevant to preventing and detecting errors and fraud that are material to the financial statements, <u>thereafter a management report must be issued to the audit committee for any deficiencies in controls to be addressed.</u> The management letter describes the tests performed and the results in each category
Answer:
=$11,580.00
Explanation:
The CD pays 4.9 percent compounded monthly for four years.
In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.
The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.
The amount in four years is the same as the future value after four years.
=FV = PV (1+r)n
Pv =$10,000
r=0.4083 %
N =36
Fv = 10,000(1+0.4083/100)36
=10,000(1+0.004083)36
=$10000 x 1.1579932
=$11,579. 932
=$11,580.00
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
Answer:
B) Investing Activities
Explanation:
Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.
Answer:
The correct answer is letter "B": Client/Student Advocacy.
Explanation:
The American Counseling Association (ACA) Advocacy Competency describes the set of capabilities counselors can use to help students, clients or individuals of a population in front of cases problematic cases.
The Client/Student Advocacy refers to the power counselors have to act on behalf of students and clients in cases where the counselor has access to systems or processes students or clients do not. This advocacy is also useful when the clients do not want to engage in advocacy because they are afraid of retaliation.
