Which of the Following Is an Appropriate Internal Control Activity

question 117

Multiple Choice

Which of the following is an appropriate internal control activity for cash?

• A)Recordkeeping and custodianship over cash should be performed by the same person.
• B)The amount of cash on hand should be kept to a minimum.
• C)Banking facilities should be used as little as possible.
• D)All payments should be made with currency,not checks.

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Definitions:

Metered Cloud Service

A cloud computing service model where the customer is billed based on the actual usage of resources, such as storage space, processing power, or bandwidth.

Accounting

The process of recording, summarizing, and analyzing the financial transactions of a business to keep track of its income and expenses.

Bandwidth

The maximum rate of data transfer across a given path, often measured in megabits per second (Mbps) or gigabits per second (Gbps).

Communication Channel

A medium used to transfer information from one point to another, including physical media or logical connections in telecommunications.