Question

In: Accounting

Which of these is not a good internal control practice? Select one: a. The use of...

Which of these is not a good internal control practice?

Select one:

a. The use of the periodic inventory system for stock control

b. Taking out a trial balance

c. The use of passwords for computer access

d. The pre-numbering of documents

Solutions

Expert Solution

Which of these is not a good internal control practice?

Answer: b. Taking out a trial balance.

Good internal controls:

1. The use of the periodic inventory system for stock control.

2. The use of passwords for computer access.

3. The pre-numbering of documents.


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