Which of the Following Is the Most Basic Internal Control

question 36

Multiple Choice

Which of the following is the most basic internal control for cash?

• A) Keeping money in a bank account
• B) Checking for counterfeit bills
• C) Counting cash receipts twice
• D) Internal audit of cash procedures

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Definitions:

Administrative Agencies

Administrative agencies are government bodies responsible for administering laws and regulations, and overseeing the implementation and enforcement of policies within specific areas.

APA

The American Psychological Association, a leading scientific and professional organization representing psychology in the United States.

Informal Rule Making

A regulatory process allowing for the development and issuance of rules without a formal hearing.

Formal Hearing Process

A structured legal procedure involving the presentation of evidence and legal arguments before a judicial authority to resolve a dispute.