The Internal Control Objective of 'Classified' Means There Are Controls

question 59

Multiple Choice

The internal control objective of 'classified' means there are controls in place to ensure that

• A) fictitious or duplicate transactions are not included in the books of an organization.
• B) correct amounts are assigned to transactions.
• C) transactions are recorded in the correct accounting period.
• D) transactions are charged and allocated to the correct general ledger account.

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Definitions:

Strike-Slip Faults

Faults where two blocks of crust slide past each other horizontally, with little vertical motion.

Plate Boundary

The margin or border between two tectonic plates, which can be characterized by seismic activity, volcanism, and distinct geological formations.

Subduction Zone

A tectonic plate boundary where one plate moves under another and is forced into the mantle, typically creating earthquakes and volcanic activity.

Earthquake Risk

Earthquake risk refers to the probability of earthquakes occurring in a region and the potential damage they can cause to life, property, and the environment.