As an internal control measure in the accounting cycle, physical security most clearly applies to:
A)Source documents
B)The balance sheet
C)The income statement
D)The statement of cash flows

Question

Quizplus · Accepted Answer

Physical security pertains to the protection of physical assets, such as source documents, from loss, theft, or damage. It does not apply to financial statements like the balance sheet, income statement, or statement of cash flows.

As an Internal Control Measure in the Accounting Cycle, Physical