Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them decreases the potential for errors and fraud. is a good example of safeguarding the company's assets. increases the potential for errors and fraud. is an example of good internal control.

Match the steps for conducting an informational interview with the tasks in each step.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Do a swot analysis for the business idea you chose in question 2 above. describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea.