Storing cash in a company safe is an application of which internal control principle?

Question

Quizplus · Accepted Answer

Storing cash in a company safe is an example of physical controls, which are measures taken to safeguard assets, such as cash or inventory, from theft, damage, or unauthorized access. Physical controls include safes, locks, alarms, security cameras, and other mechanisms that limit physical access to assets. The other internal control principles listed (segregation of duties, documentation procedures, and establishment of responsibility) do not directly relate to the physical protection of assets.

Storing Cash in a Company Safe Is an Application of Which