It is the control activity where there is a proper security over cash and limits access to the accounting records.Select one:a.access controlb.segregation of dutiesc.transaction authorizationd.independent verification
Question
It is the control activity where there is a proper security over cash and limits access to the accounting records.Select one:a.access controlb.segregation of dutiesc.transaction authorizationd.independent verification
Solution
The correct answer is a. Access Control. This is because access control is the process of limiting access to the resources in an organization. It includes both physical access to devices and systems, and logical access to data and software. In the context of accounting, access control would involve limiting who can access cash and accounting records to prevent fraud and errors.
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