Question
3. Which transaction-related internal control objective is most enhanced through using a reference account to create another account? a.) A particular transaction is properly authorized
3.
Which transaction-related internal control objective is most enhanced through using a reference account to create another account?
a.) A particular transaction is properly authorized (should have occurred)
b.) A particular transaction is valid (did occur)
c.) Particular transaction is recorded (the transaction has been posted in the records)
d.) Particular transaction is recorded accurately. ( correct amounts, dates)
Is using a reference account to create another account a preventive or detective control?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
