In: Accounting
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
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.