Which of the following describes the internal control procedure documents?
A) Mandatory vacations will improve internal control.
B) Separate the custody of assets from accounting.
C) Prenumber invoices and other documents.
D) A company should purchase a fireproof vault.

Question

Quizplus · Accepted Answer

Prenumbering invoices and other documents is a control procedure that helps ensure all transactions are recorded and can be accounted for, reducing the risk of errors or fraud.

Which of the Following Describes the Internal Control Procedure Documents