Which of the following is a control related to design and use of documents and records?
A) Sequentially prenumbering sales invoices
B) Comparing physical inventory counts with perpetual inventory records
C) Reconciling the bank statement to the general ledger
D) Locking blank checks in a drawer or safe

Question

Quizplus · Accepted Answer

Sequentially prenumbering sales invoices is a control related to design and use of documents and records as it helps to ensure that all invoices are accounted for and reduces the risk of duplicate or missing invoices. Comparing physical inventory counts with perpetual inventory records and reconciling the bank statement to the general ledger are controls related to inventory management and cash management, respectively. Locking blank checks in a drawer or safe is a control related to cash disbursements.

Which of the Following Is a Control Related to Design