Question 1: What principles of internal control apply to most business enterprises?
Question 2: How do documentation procedures contribute to good internal control?
Question 3: The management of Borke Company asks you, as the company accountant, to explain (a) the concept of reasonable assurance in internal control and (b) the importance of the human factor in internal control.
Question 4: Mary Miller Company's internal controls over cash disbursements provide for the treasurer to sign checks imprinted by a check-writer after comparing the check with the approved invoice. Identify the internal control principles that are present in these controls.
Question 5: "The use of a bank contributes significantly to good internal control over cash." Is this true? Why or why not?