Quiz Ch 04 – Examples of Misappropriation of Assets
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Which of the following actions can be classified as misappropriation of assets?
Which of the following actions can be classified as misappropriation of assets?
Which of the following options is NOT an example of an internal control procedure?
Who is responsible for comparing two different records when receiving cash by mail as the final step?
What are the procedures for handling customer checks received by mail at a company?
What is the correct statement regarding Hill Company’s establishment of a petty cash fund ($500) and its first transaction of purchase ($46)?
Which of the following is NOT an example of a weak control environment?
What is another term for a “hot check”?
Which of the following items recorded by the bank is not yet recorded by the company in a bank reconciliation?
Which of the following is considered a cash equivalent?
Which of the following is NOT considered cash or cash equivalent?