Common internal controls associated with source documents include: (i) sequential numbering, (ii) physical security, (iii) equality of debits and credits.
A)I and II only
B)I and III only
C)II and III only
D)I, II and III

Question

Quizplus · Accepted Answer

Sequential numbering and physical security are common internal controls for source documents. Equality of debits and credits is a principle of double-entry bookkeeping, not specifically a control related to source documents.

Common Internal Controls Associated with Source Documents Include: (I) Sequential