Question

Prenumbered printed cheques are an example of which internal control principle? Multiple Choice Technological controls Maintain...

Prenumbered printed cheques are an example of which internal control principle?

Multiple Choice

  • Technological controls

  • Maintain adequate records

  • Perform regular and independent reviews

  • Technological controls and maintain adequate record

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Homework Answers

Answer #1

Answer :-

The Correct Answer is - Maintain adequate records

Explanation :-

Prenumbered printed cheques are an example of Maintain adequate records of internal control principle.

Prenumbered printed cheque are unique number according to which documentation are maintained. If the company record the prenumbered printed on the cheque it will easy for company to find out what amount of cheque is issued ,to whom it is given , at what date etc. So, Prenumbered Printed Cheque are example of Maintain adequate records.

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