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:

Unprepared

A state of not being ready or equipped to deal with a particular situation or task.

Purpose Statement

The statement in a proposal or a report specifying the organizational problem, the technical questions that must be answered to solve the problem, and the rhetorical purpose of the report (to explain, to recommend, to request, to propose).

Supporting Evidence

Information or data that corroborates, confirms, or strengthens a claim, theory, or argument, providing a solid base for conclusions.

Oral Presentation

A spoken presentation or speech delivered to an audience for the purpose of sharing information, persuading, or instructing.