Multiple Select Question Select all that apply   Identify the principles of internal control by selecting the correct answers below. (Check all that apply.) Multiple select question. Insure assets. Maintain adequate records. Match revenues with expenses in the same accounting period. Record assets at cost. Apply technological controls. Establish responsibilities. Perform regular and independent reviews. Separate recordkeeping from custody of assets.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple Select Question

Select all that apply

 

Identify the principles of internal control by selecting the correct answers below. (Check all that apply.)

Multiple select question.

Insure assets.

Maintain adequate records.

Match revenues with expenses in the same accounting period.

Record assets at cost.

Apply technological controls.

Establish responsibilities.

Perform regular and independent reviews.

Separate recordkeeping from custody of assets.

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