Accounting help 10 pts!?
2.Which of the following is NOT an element of Internal Controls?
a.to protect assets from misuse
b.ensure the accuracy of business information
c.ensure that laws and regulations are followed
d.to ensure that the company's policies are in place to maximize profits
3.At the end of the month, the total of the amount column of the revenue journal is posted as a
a.debit to Accounts Receivable and a credit to Cash
b.debit to Accounts Receivable and a credit to Fees Earned
c.debit to Cash and a credit to Fees Earned
d.debit to Cash and a credit to Accounts Payable