Question 1- What is a current asset? What is a non-current asset? What is the difference between the two types of assets? In which financial statement would you find these assets?
Question 2- What are internal controls? Why do companies need them? What are some examples of internal controls? Who is responsible for developing internal controls?
Question 3. Could please explain to me the controls required for "cash"? Why are they important?
Question 4. Please Identify the Principles of Internal Control? Are there are six or seven.