The internal control that requires that "checks are prenumbered and accounted for" satisfies the objective of
A) accuracy.
B) existence.
C) completeness.
D) posting and summarization.

Question

Quizplus · Accepted Answer

The internal control of prenumbering checks and accounting for them ensures that all transactions are recorded and none are missing, which satisfies the objective of completeness. This helps in ensuring that all checks issued are accounted for, preventing any from being overlooked or omitted from the records.

The Internal Control That Requires That "Checks Are Prenumbered and Accounted