Control Procedure for Addressing Accounting Problem

read problem and answer the questions.

Read the problem “Which control procedure would be most effective in addressing the following problems?” and answer 8 questions in the problem.

Answer preview

Control Procedure for Addressing Accounting Problem

Question a

The control procedure is to train and encourage the cross-checking foot balance for debit and credit entry on the journal.

Question b

The primary concern is to prevent propagating errors through formulas by audits and evaluation of formulas occasionally…

 

(300 words)