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MindTap Accounting, 1 term (6 months) Printed Access Card for Hall's Accounting Information Systems, 10th
10th Edition
ISBN: 9781337619257
Author: Hall, James A.
Publisher: Cengage Learning
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Question
Chapter 4, Problem 9MCQ
To determine
Identify the term which is also called as compensating control.
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Students have asked these similar questions
Which type of control is considered a compensating control? a. segregation of duties b. access control c. supervision d. accounting records
Which of the following is often called a compensating control?a. transaction authorizationb. supervisionc. accounting recordsd. independent verification
Which of the following management assertions is not associated with classes of transactions and events?
Select one:
a. classification
b. rights and obligations
c. occurrence
d. accuracy
Chapter 4 Solutions
MindTap Accounting, 1 term (6 months) Printed Access Card for Hall's Accounting Information Systems, 10th
Ch. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - What function does the receiving department serve...Ch. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Distinguish between an edit run, a sort run, and...
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - In a manual system, after which event in the sales...Ch. 4 - Prob. 18RQCh. 4 - What document initiates the billing process?Ch. 4 - Prob. 20RQCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQCh. 4 - Prob. 6DQCh. 4 - Prob. 7DQCh. 4 - Prob. 8DQCh. 4 - What financial statement misrepresentations may...Ch. 4 - Prob. 10DQCh. 4 - Prob. 11DQCh. 4 - Prob. 12DQCh. 4 - Prob. 13DQCh. 4 - Prob. 14DQCh. 4 - Prob. 15DQCh. 4 - How is EDI more than technology? What unique...Ch. 4 - Prob. 17DQCh. 4 - Prob. 1MCQCh. 4 - Prob. 2MCQCh. 4 - Prob. 3MCQCh. 4 - Prob. 4MCQCh. 4 - Prob. 5MCQCh. 4 - Prob. 6MCQCh. 4 - Prob. 7MCQCh. 4 - Prob. 8MCQCh. 4 - Prob. 9MCQCh. 4 - Prob. 10MCQCh. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Prob. 7PCh. 4 - Prob. 8PCh. 4 - Prob. 9PCh. 4 - Prob. 10PCh. 4 - Prob. 11PCh. 4 - Prob. 12PCh. 4 - In 1989, Robert Smith opened a small fruit and...Ch. 4 - Posavek is a wholesale supplier of building...Ch. 4 - Prob. 3ICCCh. 4 - (Prepared by Will Richens and Michael Catchpole,...Ch. 4 - Prob. 6ICC
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Similar questions
- Distinguish between entity-wide and transaction controls. Which components of internal control are typically entity-wide controls? Which components of internal control are typically transaction controls?arrow_forwardWhat are the key control objectives required for a well-designed general ledger and reporting information system?arrow_forwardWhat is a control account?arrow_forward
- Multiple-Choice Questions 5. Which type of control is considered a compensating control?a. segregation of dutiesb. access controlc. supervisiond. accounting recordsarrow_forwardReconciliations of the General Ledger Control Accounts to the Subsidiary Ledgers are an example of A. Data entry controls B. Output controls C. Logical access controls D. Segregation of dutiesarrow_forwardWhat are the key control objectives required for a well-designed general ledger and reportinginformation system?arrow_forward
- Which of the following i not an element of internal control?A. Control environmentB. MonitoringC. Compliance with laws and regulationsD. Control proceduresarrow_forwardWhich internal control objective is concerned with ensuring that accumulated totals in the transaction file are correctly transferred to the general ledger and subsidiary ledgers? O classified O summarized O recorded O postedarrow_forwardWhat are subsidiary ledgers and control accounts,and why are they used? Describe how they work.arrow_forward
- The objectives of internal control are toarrow_forwardWhich of the following is not one of the components of internal control according to the framework? a. Monitoring Activities b. Control Activities c. Planning Activities d. Risk Assessmentarrow_forwardWhich of the following is not true concerning control activities? a.Control procedures is another term for control activities. b. Transaction authorization is a control activity. c. Information and communication is an important component of control activities. d. Control activities generally fall into the two categories of preventive controls and detective controls.arrow_forward
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