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What else can I help you with?
Internal control is enhanced by separating the control of a transaction from the record-keeping function True or False?
true
Is trade debtors a debit or credit transaction on the trial balance?
credit
What is the steps in accounting process?
1 - Collect source document 2 - Analyze the transaction 3 - Journalize transaction 4 - Posting transaction 5 - Prepare unadjusted trial balance 6 - Prepare adjusting entries 7 - Prepare trial balance 8 - Prepare financial statements
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
What are the 6 steps of the accounting cycle?
1. Analyst transaction 2. Journal entry 3. Ledger 4.Trial Balance 5. Adjusting Trial balance 6. Adjusted Trial balance
Internal control is enhanced by separating the control of a transaction from the record-keeping function True or False?
true
Is trade debtors a debit or credit transaction on the trial balance?
credit
What are the phases in accounting cycle?
Collecting daa, transaction analysis, journalizing transaction, posting to ledger account, preparing a trial balance
What is the steps in accounting process?
1 - Collect source document 2 - Analyze the transaction 3 - Journalize transaction 4 - Posting transaction 5 - Prepare unadjusted trial balance 6 - Prepare adjusting entries 7 - Prepare trial balance 8 - Prepare financial statements
An internal company document that announces important information is called?
Transaction
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
There are GAO internal control standards?
there are how many GAO internal control standards?
Which is a type of detective internal control?
Which of the following is a type of "detective" internal control
What is the meaning of transaction number?
Electronic Transactions: The Internal Transaction Number (ITN) is "the Automated Export System" generated number assigned to a shipment confirming that an electronic export information transaction was accepted and is on file. Importing/Exporting: A 14-digit number appearing on the supporting documents used for the accounting and release of goods. The transaction number is used for identification and control purposes. It has three parts: an account security number, a number assigned to the importer or broker, and a control number. Transaction numbers are routinely used in many other types of transactions, for movement or transportation of information, money, or goods.
Do control accounts get in the trial balance?
Control accounts cannot get into a trial balance because that would be tantamount to double entering the figures though individual accounts and then throuhg the trial control accounts.
What are the 6 steps of the accounting cycle?
1. Analyst transaction 2. Journal entry 3. Ledger 4.Trial Balance 5. Adjusting Trial balance 6. Adjusted Trial balance
What is the objective of Internal Control System and explain briefly internal control framework?
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
