An example of good internal control is having one person responsible for the value of the total of the sales in the sales journal and another person responsible for the balance of sales in the general ledger.

Question

Quizplus · Accepted Answer

This is an example of a segregation of duties, which is a good internal control practice. By having different individuals responsible for different aspects of the sales process, the risk of errors or fraud is reduced.

An Example of Good Internal Control Is Having One Person