Who is legally responsible for establishing and maintaining an adequate system of internal control?
a. the board of directors
b. stakeholders
c. investors
d. management
Question 2
X Company used the following items to complete its bank reconciliation for the month of October:
Deposits in transit were 2,500.
Outstanding checks totaled 1,100.
Bank service charges were 10.
The company correctly wrote a check for 192, but mistakenly recorded the check as 129 on its books. The bank cashed the check correctly for 192.
A customer's check for 50 was returned by the bank, NSF.
The 2,500 deposit in transit should be ________.
A) added to the balance per bank statement
B) deducted from the balance per bank statement
C) added to the balance per books
D) deducted from the balance per books
The Sun is the star at the center of the Solar System.
The male reproductive system
Component of right internal ear
Organ System
Mechanisms of positive control of transcription