The general rule that all major groups of transactions should be supported by either hard copy documents or electronic records is part of the control procedure of:
A)limited access.
B)segregation of duties.
C)adequate records.
D)proper approvals.

Question

Quizplus · Accepted Answer

The general rule that all major groups of transactions should be supported by either hard copy documents or electronic records falls under the control procedure of adequate records, which ensures that all business transactions are properly documented and recorded. Limited access refers to restricting access to sensitive information or assets, segregation of duties refers to separating key duties among different individuals to prevent fraud, and proper approvals refer to ensuring that all transactions are authorized by the appropriate personnel.

The General Rule That All Major Groups of Transactions Should