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    General Control

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    amormi2702
    The document discusses segregation of duties as a general control for internal controls. It lists three combinations of tasks and asks to explain whether each should be separated or can be combined to achieve adequate internal controls. The combinations are: 1) approval of bad debt write-offs and reconciliation of accounts, 2) distribution of payroll checks and approval of sales returns, and 3) distribution of payroll checks and recording of cash receipts.

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    General Control

    Uploaded by

    amormi2702
    6 views1 page
    The document discusses segregation of duties as a general control for internal controls. It lists three combinations of tasks and asks to explain whether each should be separated or can be combined to achieve adequate internal controls. The combinations are: 1) approval of bad debt write-offs and reconciliation of accounts, 2) distribution of payroll checks and approval of sales returns, and 3) distribution of payroll checks and recording of cash receipts.

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    The document discusses segregation of duties as a general control for internal controls. It lists three combinations of tasks and asks to explain whether each should be separated or can be combined to achieve adequate internal controls. The combinations are: 1) approval of bad debt write-offs and reconciliation of accounts, 2) distribution of payroll checks and approval of sales returns, and 3) distribution of payroll checks and recording of cash receipts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    6 views1 page

    General Control

    Uploaded by

    amormi2702
    The document discusses segregation of duties as a general control for internal controls. It lists three combinations of tasks and asks to explain whether each should be separated or can be combined to achieve adequate internal controls. The combinations are: 1) approval of bad debt write-offs and reconciliation of accounts, 2) distribution of payroll checks and approval of sales returns, and 3) distribution of payroll checks and recording of cash receipts.

    Copyright:

    © All Rights Reserved
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    of 1

    GENERAL CONTROL

     SEGRAGATION OF DUTIES (ARC)

    Explain why each of the following combinations of task should or should not be separated to
    achieve adequate internal control

    1. Approval of bad debt write offs and the reconciliation of accounts payable subsidiary ledger
    and the general ledger control account
    2. Distribution of payroll checks and to employees and approval of sales returns for credit
    3. Distribution of payroll checks and to employees and recording cash receipts in the journal

    GENERAL CONTROL

     SEGRAGATION OF DUTIES (ARC)

    Explain why each of the following combinations of task should or should not be separated to
    achieve adequate internal control

    1. Approval of bad debt write offs and the reconciliation of accounts payable subsidiary ledger
    and the general ledger control account
    2. Distribution of payroll checks and to employees and approval of sales returns for credit
    3. Distribution of payroll checks and to employees and recording cash receipts in the journal

    GENERAL CONTROL

     SEGRAGATION OF DUTIES (ARC)

    Explain why each of the following combinations of task should or should not be separated to
    achieve adequate internal control

    1. Approval of bad debt write offs and the reconciliation of accounts payable subsidiary ledger and
    the general ledger control account
    2. Distribution of payroll checks and to employees and approval of sales returns for credit
    3. Distribution of payroll checks and to employees and recording cash receipts in the journal

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