Prenumbered Printed Checks Are an Example of Which Internal Control

question 113

Multiple Choice

Prenumbered printed checks are an example of which internal control principle?

• A) Technological controls.
• B) Maintain adequate records.
• C) Perform regular and independent reviews.
• D) Establish responsibilities.
• E) Divide responsibility for related transactions.

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Definitions:

Computer Supplies

Various items like paper, toners, disks, and other materials used with computers in an office or home setting.

Office Supplies

denotes consumable items like pens, paper, and printer ink that are used in an office setting for daily operations.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the revenue earned from sales.

Sales Expense

Costs directly associated with the selling of goods or services, typically including advertising, sales staff salaries, and commissions.