Assigning sequential numbers to cash sales,so that the accounting staff can ensure that every sale has been recorded is required by the internal control principle of:
A)documenting procedures.
B)segregating duties.
C)establishing responsibilities.
D)restricting access.

Question

Quizplus · Accepted Answer

To enhance the documentation procedures control,most companies assign sequential numbers to their documents and check that they are used in numerical sequence.This check occurs frequently,sometimes daily,to ensure that every transaction is recorded and that each document number corresponds to one and only one accounting entry.

Assigning Sequential Numbers to Cash Sales,so That the Accounting Staff