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:

Social Science

The scientific study of human society and social relationships, encompassing disciplines like psychology, sociology, and anthropology.

Psychiatry

A branch of medicine focused on the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.

Opinion

An unsubstantiated belief in or conclusion about what seems to be true according to an individual’s personal thoughts.

Concrete Evidence

Concrete evidence refers to tangible, specific proof that leaves little room for doubt or questioning in the context it is presented.