The updating of accounts is called the adjusting process. a. ...

[dollx]

The updating of accounts is called the adjusting process.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A material weakness in internal control is a significant deficiency, or combination of significant deficiencies, that results
 
  A. From a material misstatement in the financial statements.
  B. In more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected.
  C. In a material misstatement of the financial statements.
  D. In a government having a qualified audit opinion on their financial statements.

[sabina576]

Answer to Question 1

True

Answer to Question 2

B