Principal Output Controls Include All but One of the Following

question 88

Multiple Choice

Principal output controls include all but one of the following:

• A)Sequence tests of check stubs
• B)Character control totals
• C)Strict regulation of preprinted forms
• D)all of the above

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Definitions:

Trust Deeds

Legal documents that signify an agreement where property is held by a trustee as security for a loan until the borrower pays back the loan in full.

Security Interests

A legal claim or right granted over an asset to secure the performance of an obligation, typically the repayment of a loan.

Foreclosure

The legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.

Mortgage Holder

An entity or individual who holds the lien on a property; typically, this is the lender in a mortgage agreement.