Internal controls are the policies and procedures managers of a ...

[jCorn1234]

Internal controls are the policies and procedures managers of a firm use to protect the firm's assets and to ensure the accuracy and reliability of the firm's accounting records.
 
  Indicate whether the statement is true or false

Question 2

The ___________________ _ account is credited for the Social Security tax withheld from an employee's earnings.
 Fill in the blank(s) with correct word

[wshriver]

Answer to Question 1

TRUE

Answer to Question 2

Social Security Tax Payable

[jCorn1234]

TYSM

[bulacsom]

Excellent