The Rule That All Major Groups of Transactions Should Be

question 163

Multiple Choice

The rule that all major groups of transactions should be supported by hard copy documents or electronic records is part of the control procedure of:

• A)limited access.
• B)segregation of duties.
• C)adequate records.
• D)proper approvals.

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Definitions:

Low-Income Families

Households earning significantly below the median income level, often facing financial hardship and limited access to resources.

Grocery Purchases

Transactions involving the buying of food and household goods from a supermarket or grocery store.

Federal Level

Relating to or denoting the central government as distinguished from the separate units constituting a federation.

Transfer Program

A government initiative designed to redistribute income through the transfer of money from one group to another.