A Good System of Internal Control Includes Many Types of Documentation.Which

question 16

Multiple Choice

A good system of internal control includes many types of documentation.Which of the following types of documentation is not part of the adequate records and documents category of internal control?

• A)Schedules and analyses of financial information
• B)Supporting document for all significant transactions
• C)Accounting cycle reports
• D)All of the following are types of documentation

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Definitions:

Local Transport

Transportation services operating within a particular region or city, typically involving buses, trams, and local trains.

Delivery Van

A vehicle used for transporting goods, often belonging to companies offering delivery services of products.

Imperfect Tender

A situation where the goods delivered or services rendered do not fully comply with the specifications or requirements outlined in a contract.

Imperfect Performance

A situation where the performance of a contractual obligation falls short of complete fulfillment.