User Account

All Pages

Describes the two types of external confirmation request

Assignment Help Accounting Basics
Reference no: EM132730536

Problem 1: Which is the control activity where the responsibility for executing a transaction, recording the transaction and maintaining custody of the assets resulting from the transaction are assigned to different individuals or departments?

A. Independent checks.

B. Physical controls.

C. Segregation of duties.

D. Performance reviews.

Problem 2: Which one of the following correctly describes the two types of external confirmation request for trade receivables?

A. Positive: only reply if balances agree; negative: only reply if balances do not agree.

B. Positive: reply irrespective of agreement; negative: only reply if balances do not agree.

C. Positive: reply only if balances disagree; negative; reply irrespective of agreement

D. Positive: only reply if balances do not agree; negative: only reply if balances agree.

Reference no: EM132730536

Questions Cloud

Vacation policy changes to be distributed to staff : Your supervisor has asked to you write a brief email on the vacation policy changes to be distributed to staff.
Not all companies are viewed as equal : Prepare an argument explaining the major reasons why you support either the consumer or the industry.
What is defined as a process and effected by an entity board : What is defined as a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance
How does effective teamwork look : How does effective teamwork look? How is teamwork displayed in your life as it relates to your current role? Why is teamwork a necessity for organizations?
Describes the two types of external confirmation request : Describes the two types of external confirmation request for trade receivables? Positive: only reply if balances agree; negative: only reply
Context statement-business strategy : How are organizational goals, objectives, and tactics utilized when selecting a business strategy?
Research information about current considerations : Research information about current considerations and challenges related to the financial and budgetary systems in health care organizations
Which of the statements about the existence assertion : Which of the statements about the existence assertion relating to inventory are correct? It tests whether the entity has right of ownership of inventory held
Define the in-group and out-group phenomenon : Define the "in-group/out-group" phenomenon, then describe how fault lines can create schisms that can lead this advent.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd