Which of the Following Describes the Internal Control Procedure Documents

question 67

Multiple Choice

Which of the following describes the internal control procedure documents and records?

• A)A company should purchase a fireproof vault.
• B)Separate the custody of assets from accounting.
• C)Mandatory vacations will improve internal control.
• D)Prenumber invoices and other documents.

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Definitions:

Guarding

The act of protecting or securing a person, place, or property against damage, attack, or theft, often through physical presence or security measures.

Shearing

A process involving the cutting or trimming of the wool from sheep or other animals, or the cutting of material using shears.

Milling

The process of machining using rotary cutters to remove material by advancing a cutter into a workpiece.

National Institute

A significant, authoritative organization dedicated to research, often in specific academic or professional fields.