43.)Which one of the following is not an objective of a system of internal contr

Question

43.)Which one of the following is not an objective of a system of internal controls?

D.) Enhance the accuracy and reliability of accounting records.

128.) Vaughn Manufacturing had checks outstanding totaling $33000 on its June bank reconciliation. In July, Vaughn Manufacturing issued checks totaling $238100. The July bank statement shows that $161000 in checks cleared the bank in July. A check from one of Vaughn Manufacturing's customers in the amount of $1800 was also returned marked "NSF." The amount of outstanding checks on Vaughn Manufacturing's July bank reconciliation should be?

129.)Metlock, Inc. had checks outstanding totaling $30600 on its May bank reconciliation. In June, Metlock, Inc. issued checks totaling $191500. The June bank statement shows that $142600 in checks cleared the bank in June. A check from one of Metlock, Inc.'s customers in the amount of $1400 was also returned marked "NSF." The amount of outstanding checks on Metlock, Inc.'s June bank reconciliation should be?

151.)A check written by the company for $242 is incorrectly recorded by a company as $224. On the bank reconciliation, the $18 error should be

A.) Reduce the risks of errors.

Explanation / Answer

If any doubt please comment

ans 43 B.) All of these are objectives of internal control. As reducing of risk of errors is a part of main objective which is to enhance realiability and accuracy of records ans128 Outstanding checks 110100 ans 33000+238100-161000 ans 129 Outstanding checks 79500 ans 30600+191500-142600 ans 151 B.) deducted from the balance per books. As the check written was correct but recorded in the books at lesser amount hence the cash balance increased so to make correct cash balance it shouls be deducted

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