Which of the following is an objective of internal control?

A. to ensure timely payment of accounts payable

B. to guarantee that a business makes a profit

C. to ensure timely collection of accounts receivable

D. to encourage employees to follow company policies

Question

Business

Nehemiah Mooney

15 July, 07:27

Which of the following is an objective of internal control?

A. to ensure timely payment of accounts payable

B. to guarantee that a business makes a profit

C. to ensure timely collection of accounts receivable

D. to encourage employees to follow company policies

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Answers (1)

Know the Answer?

Parker Holland · Answer 1

Answer: The correct answer is d) to encourage employees to follow company policies

Explanation:

The objectives of internal control are:

safeguard assets encourage employees to follow company policies promote operational efficiency ensure accurate reliable accounting records comply with legal requirements

Which of the following is an objective of internal control?A. to ensure timely payment of accounts payableB. to guarantee that a business makes a profitC. to ensure timely collection of accounts receivableD. to encourage employees to follow company policies

Which of the following is an objective of internal control?

A. to ensure timely payment of accounts payable

B. to guarantee that a business makes a profit

C. to ensure timely collection of accounts receivable

D. to encourage employees to follow company policies