POETRY ARCHIVE FOUNDATION

Where Words Inspire, Connect, and Transform

Hey! Can I get answers please?

by | Jan 11, 2025 | Posted Questions

Hey! Can I get answers please? Thanks! An internal control of Jones Co is to reconcile general ledger accounts to their underlying source data. This procedure addresses which goal of internal controls? (Points : 20) ensuring accurate, reliable accounting records promoting operational efficiency encouraging employees to follow company policy safeguarding assets Question 2. 2. From information gathered from a bank statement, business owners can ________. (Points : 20) view outstanding checks written by the company verify that the accounting records match the activity reported by the bank determine the amount of future cash deposits view deposits in transit Question 3. 3. ________ is NOT a goal of internal controls. (Points : 20) Producing financial statements that always report profits Safeguarding assets Efficiency and effectiveness in operations Reliable financial reporting Question 4. 4. ________ would help prevent cashiers from stealing cash and covering the theft in the accounting records. (Points : 20) Pre-numbered documents An audit A firewall Segregation of duties Question 5. 5. To reconcile a bank statement, ________ must be added to the bank balance because the company has recorded this increase in funds, but the bank has not recorded it as of the statement date. (Points : 20) deposits in transit outstanding checks NSF checks interest revenue

POETRY ARCHIVE 

Welcome to a world where words dance and emotions take flight. Each poem here is a reflection of life’s beauty, struggles, and mysteries. Read, feel, and let the verses speak to you.