An example of an internal control is:
A)the use of bank account.
B)all checks are prenumbered.
C)all checks written must have reference source documents.
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

All of the given choices are examples of internal controls. The use of bank accounts ensures that transactions are properly recorded and monitored. Prenumbered checks help prevent duplicate payments and aid in tracking cash disbursements. Requiring reference source documents for checks written ensures proper authorization and documentation for transactions.

An Example of an Internal Control Is