Which of the following describes the internal control procedure documents and records?
A)A company should purchase a fireproof vault.
B)Separate the custody of assets from accounting.
C)Mandatory vacations will improve internal control.
D)Prenumber invoices and other documents.

Question

Quizplus · Accepted Answer

Prenumbering invoices and other documents helps ensure that all transactions are recorded and accounted for, which is a key aspect of maintaining accurate and reliable records as part of internal control procedures.

Which of the Following Describes the Internal Control Procedure Documents