Which of the Following Is Included in the Internal Control

question 133

Multiple Choice

Which of the following is included in the internal control procedure-documents?

• A) Mandatory vacations will improve internal control.
• B) Separate the custody of assets from accounting.
• C) The invoices and orders must be pre-numbered.
• D) A company should purchase a fireproof vault to protect legal documents.

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Definitions:

Bill of Sale

A legal document that details the transfer of ownership of goods from a seller to a buyer, providing evidence of the sale.

Refrigeration System

Mechanical systems that remove heat from a space or substance to lower its temperature, commonly used for preserving food or creating comfortable living environments.

MeatPackers, Inc.

A hypothetical or real company involved in the business of slaughtering, processing, and packaging meat products.

F.o.b. Shipment

A shipping term indicating that the seller is responsible for the goods until they are loaded on a vehicle for transport, at which point responsibility shifts to the buyer.