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:

Tables

Organized structures in documents or databases that display data or information in rows and columns for clarity and comparison.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportions or percentages within a whole dataset.

Largest Percentage

Refers to the highest proportion or fraction of a quantity relative to its total or to other compared portions.

Visuals

Visual elements such as images, graphs, or diagrams used to complement information or data.