Question: How is the internal control objective that states transactions should be timely best described? controls are in place to ensure transactions are charged and allocated
How is the internal control objective that states transactions should be timely best described?
controls are in place to ensure transactions are charged and allocated to the correct general ledger account
controls are in place to ensure transactions are recorded in the correct accounting period
controls are in place to ensure accumulated totals in the transaction file are correctly transferred to the general ledger and subsidiary ledgers
controls are in place to ensure correct amounts are assigned to the transactions
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