If controls are in place to ensure that transactions are recorded in the correct accounting period, this satisfies which internal control objective?
A) timely
B) real
C) valued
D) posted

Question

Quizplus · Accepted Answer

The internal control objective being satisfied by ensuring transactions are recorded in the correct accounting period is the timely objective, as this ensures that financial information is recorded in a timely manner in accordance with accounting standards and practices. The other objectives listed (real, valued, posted) are not directly related to recording transactions in the correct accounting period.

If Controls Are in Place to Ensure That Transactions Are