internal control for information system
1. name and briefly describe the four main categories of internal control for information system
2. calculation of profit and shareholders equity
the balance below are shown in alphabetical order in a professional service firms ledger at the end of afinacial year,
calculate.
a. The profit of the year
b. the shareholders equity at the end of the year
advertising $15,000
bank 5,000
shareholder's equity 71,000
account payable 11,000
account receivable 12,000
fixed assets 100,000
income 135,000
rent 10,000
salaries 75,000