The two broad categories of transaction control are
A) general controls and specific controls.
B) general controls and application controls.
C) general controls and basic controls.
D) basic controls and application controls.
Answer: B
Business
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What information is necessary to create the master production schedule?
A) engineering department specifications and inventory levels B) engineering department specifications and sales forecasts C) special orders information and engineering department specifications D) sales forecasts, special orders information, and inventory levels
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The journal entry to establish a bond sinking fund would include:
A) a credit to Bond Sinking Fund. B) a debit to Bonds Payable. C) a debit to Bond Sinking Fund. D) a credit to Bonds Payable.
Business