As an Internal Control for Source Documents, Transaction Limits Are

question 15

Multiple Choice

As an internal control for source documents, transaction limits are most likely to ___ an error.

• A)Prevent
• B)Detect
• C)Correct
• D)Eliminate

---

Definitions:

Business Interruption Insurance

A form of insurance that compensates the insured for continuing expenses incurred while the business is not earning income.

Revenue Losses

These are decreases in income, typically experienced by businesses or governments, resulting from factors like reduced sales, changes in market conditions, or operational challenges.

Fire

A rapid oxidation process, which is a chemical reaction resulting in the emission of heat and light.

Food Poisoning

Food poisoning is an illness caused by consuming contaminated or toxic food, characterized by symptoms such as vomiting, diarrhea, and nausea.