question archive Which of the following are valid control procedures? A) Segregation of duties B) Adequate documents and records C) Independent checks on performance D) All of these are correct
Which of the following are valid control procedures? A) Segregation of duties B) Adequate documents and records C) Independent checks on performance D) All of these are correct
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Which of the following are valid control procedures?
A) Segregation of duties
B) Adequate documents and records
C) Independent checks on performance
D) All of these are correct
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The correct option is D) All of these are correct.
Explanation:
- Option A: Segregation of duties is one of the control procedure used in business, often performed when cash related transactions happened in the organization.
- Option B: Adequate documents and records is a part of control activity even, the whole accounting system function as a documentary control.
- Option C: Independent checks on performance conducted to avoid fraudulent activities among workers. It is an efficient method of control procedures.
