The Internal Control Which Requires That 'Cheques Are Prenumbered and Accounted

question 41

Multiple Choice

The internal control which requires that 'cheques are prenumbered and accounted for' satisfies which transaction-related audit objective for cash payments?

• A) posting and summarisation
• B) accuracy
• C) existence
• D) completeness

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Definitions:

Positive Contribution

Actions or efforts by individuals or groups that have a beneficial impact on their surrounding environment or social context.

Leaders

Individuals who guide, influence, or direct others towards achieving shared goals or objectives.

Corporate Philanthropy

The act of a corporation donating resources, including money, time, or products, to charitable causes to promote the welfare of others.

Social Impact

The effect an organization's actions have on the well-being of a community or society at large.