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Which of the following search is used for unusually high incidence of returns and allowances scheme?
Which of the following search is used for unusually high incidence of returns and allowances scheme?A . Allowances by vendorsB . Disposals of allowances than reordersC . Returns and allowancesD . None of the aboveView AnswerAnswer: C
___________ is to allow the owner, investors, creditors and others with an interest to know
___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.A . EquityB . Balance sheetC . Income statementD . Financial recordView AnswerAnswer: B
CORRECT TEXT
CORRECT TEXT The _______________ cost method of pricing would carry an asset’s value on the financial statements as what it would currently cost, considering inflation.View AnswerAnswer: Price-level adjusted historical cost
____________ is a process by which a bookkeeper records all transactions and can adjust
____________ is a process by which a bookkeeper records all transactions and can adjust the books.A . Journal EntriesB . Accounting CycleC . Financial statementD . None of allView AnswerAnswer: A
CORRECT TEXT
CORRECT TEXT One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.View AnswerAnswer: Embezzling
Which of the following are used in a short term skimming scheme?
Which of the following are used in a short term skimming scheme?A . Unrecorded sales, understated sales and theft of incoming checksB . Unrecorded sales, understated sales and dual endorsementsC . False company accounts, understated sales and theft of incoming checksD . Understated sales, theft of incoming checks and check-for-currency...
Another way to eliminate competition in the solicitation phase of the selection process is to:
Another way to eliminate competition in the solicitation phase of the selection process is to:A . Solicit bid from fictitious suppliersB . Solicit transaction from fictitious vendorsC . Solicit bid-splitting from fictitious vendorsD . None of the aboveView AnswerAnswer: A
A voucher is:
A voucher is:A . a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.B . a figure that includes the sale order that...
The person or persons who have access to __________ are often the targets of unethical
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.A . Bid-splittingB . Sealed bidsC . General purchasingD . Tailor specificationsView AnswerAnswer: B
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:A . Microline numberingB . Holographic safety borderC . Embossed pearlescent numberingD . None of the aboveView AnswerAnswer: B
