Which of the following has the greatest internal control?
A) payments made by credit card
B) payments made by cheque
C) payments made by Electronic Funds Transfer
D) payments made by cash

Question

Quizplus · Accepted Answer

Payments made by Electronic Funds Transfer (EFT) have the greatest internal control due to the electronic tracking and authorization mechanisms inherent in EFT systems. These systems typically include audit trails, authentication, and encryption, making it easier to monitor and control transactions compared to the more manual and less secure processes associated with cash, cheques, and credit cards.

Which of the Following Has the Greatest Internal Control