Responsibility for a series of related transactions such as


Question: 1. Principles of internal control suggest that (choose one):

(a) Responsibility for a series of related transactions (such as placing orders, receiving and paying for merchandise) should be assigned to one employee;

(b) Responsibility for individual tasks should be shared by more than one employee so that one serves as a check on the other; or

(c) Employees who handle considerable cash and easily transferable assets should be bonded.

2. What are some impacts of computing technology on internal control?

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Accounting Basics: Responsibility for a series of related transactions such as
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