...Internal Control Activities Match the check-writing policies for a small business to the control activities that follow. a. Authorization b. Recording transactions c. Documents and records 1. The person who writes the checks to pay bills is differ- ent from the people who authorize the payments and keep records of the payments. 2. The checks are kept in a locked drawer. The only person who has the key is the person who writes the checks. d. Physical controls 3. The person who writes the checks is bonded. e. Periodic independent verification .f. Separation of duties g. Sound personnel practices 4. Once each month the owner compares and reconciles the amount of money shown in the accounting records with the amount in the bank account. 5. The owner of the business approves each check before it is mailed. 6. Information. pertaining to each check is recorded on - the check stub. 7. Every day, all checks are recorded in the accounting records, using the information on the check stubs.

Internal Control Activities Match the check-writing policies for a small business to the control activities that follow. a. Authorization b. Recording transactions c. Documents and records d. Physical controls e. Periodic independent verification f. Separation of duties g. Sound personnel practices 1. The person who writes the checks to pay bills is differ- ent from the people who authorize the payments and keep records of the payments. 2. The checks are kept in a locked drawer. The only person who has the key is the person who writes the checks. 3. The person who writes the checks is bonded. 4. Once each month the owner compares and reconciles the amount of money shown in the accounting records with the amount in the bank account. 5. The owner of the business approves each check before it is mailed. 6. Information. pertaining to each check is recorded on -the check stub. 7. Every day, all checks are recorded in the accounting records, using the information on the check stubs.