An Example of Good Internal Control Is Having One Person

question 77

True/False

An example of good internal control is having one person responsible for the value of the total of the sales in the sales journal and another person responsible for the balance of sales in the general ledger.

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Definitions:

Social Structure

The organized pattern of social relationships and social institutions that together compose society, influencing behaviors and relationships.

Neolithic

The New Stone Age; a prehistoric period beginning about 10,000 years ago in which peoples possessed stone-based technologies and depended on domesticated crops and/or animals for subsistence.

Division of Labor

The allocation of different tasks and responsibilities to different individuals or groups, typically to increase efficiency in production or services.

Diffusion

The spread of certain ideas, customs, or practices from one culture to another.