Ask Question
6 March, 19:11

internal control procedures must be in the place to ensure that all current peroid's adjustments are delayed and will be recorded within the next accounting peroids.

+5
Answers (1)
  1. 6 March, 19:18
    0
    False

    Explanation:

    Internal controls are the measures and procedures that a business puts in place to protect its assets and to guarantee the accuracy of its accounting data. Internal controls ensure that the company's management and financial data comply with the relevant laws.

    For accounting data to be accurate, all transactions relating to a particular financial year must be captured in the same year. Delays will be a misrepresentation of accounting information.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “internal control procedures must be in the place to ensure that all current peroid's adjustments are delayed and will be recorded within ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers