An example of an internal control is
A) the use of bank account.
B) all cheques are prenumbered.
C) all cheques written must have reference source documents.
D) All of these answers are correct.
Correct Answer:
Verified
Q2: Once an effective internal control system is
Q3: The objectives of internal control are to
Q4: The drawer writes the cheque.
Q5: Internal control over a company's assets should
Q6: Endorsing a cheque
A) guarantees payment.
B) transfers the
Q7: When the bank pays a cheque written
Q8: Technological controls can include all of the
Q9: One internal control safeguard is to assign
Q10: The drawee of the cheque is the
Q11: When a bank debits your account, it
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