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)The invoices and other documents must be pre-numbered.
D)A company should purchase a fireproof vault to protect legal documents.

Question

Quizplus · Accepted Answer

Pre-numbering documents helps to ensure that all transactions are being recorded and that no documentation is missing. This control provides accountability and helps prevent fraud or errors. The other options are valid internal control measures, but do not specifically relate to the procedure of document control.

Which of the Following Describes the Internal Control Procedure "Documents