Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i will give thumbs up!! identify one or more contr

I will give thumbs up!! Identify one or more control procedures (either general or application...

90.2K

Verified Solution

Question

Accounting

I will give thumbs up!!
Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems.
-A bank deposit transaction was accidentally coded with a withdrawal code.
-The kev-entry operator keved in the purchase order number as a nine-diait number instead of an elant-digit number.
The date of a customer payment was keyed 2001 instead of 2015.
-A company employee was issued a check in the amount of S-135.65 because he had not worked a certain week, but most of his pavroll deductions were automatic each week.
-A patient filled out her medical insurance number as 123465 instead of 123456.
-An applicant for the company stock option plan filled out her employee number as 84-7634-21.
-The first two digits are a department code.
-There is no department 84.
-A high school student was able to log onto the telephone companv's computer as soon as he learned what telephone number to call.
-The accounts-receivable department sent 87 checks to the computer center for processing.
-No one realized that one check was dropped along the way and that the computer therefore processed onlv 86 checks.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Problem 5: A total of 6 measurements are made of the mass of an injected molded...

Mechanical Engineering
Q

1 point The sine of 72 degrees is 0 95 What s the cosine of...

Geometry
Q

Draw Euler circles for the argument and determine whether the conclusion follows from the premises...

Calculus
Q

a a 2a 4b 32 a c 9 2 3 What is the solution Select...

Calculus
Q

If the buyer and seller agree that the seller will leave the living room television...

Algebra
Q

[The following information applies to the questions displayed below.) At the beginning of the year,...

Accounting
Q

assume the company uses three inventory pools instead of one. compute ending inventory, cogs, and...

Accounting
Q

write the answer in 2-3 steps with clear hand writing or typed answer ...

Accounting
Q

Hi-Tek Manufacturing Inc. makes two types of industrial component partsthe B300 and the T500. An...

Accounting
Q

What amount ($ in millions) does Target report for net property and equipment for the...

Accounting
Q

Tony and Suzie graduate from college in May 2021 and begin developing their new business....

Accounting
Q

Martinez Corporation reported Net sales of $766,000 and Net income of $141,000. The Profit margin...

Accounting