Accountancy, asked by johnsivass45, 1 day ago

is a method of organising the accounting system of a business concern or a factory by which the duties of various clerks are arranged in such a way that the work of one person is automatically checked by another.
a) Internal control
b) Internal check
c) Internal audit
d) All of the above​

Answers

Answered by Atlas99
92

Internal check is a method of organising the accounting system of a business concern or a factory by which the duties of various clerks are arranged in such a way that the work of one person is automatically checked by another.

Option (b)

More Information:

Characteristics of Internal check:-

  • Provision of Check
  • Self-balancing System
  • Job Rotation
  • Division of Work

Advantages of Internal check:-

  • Increase in Efficiency
  • Auditing Made Easy
  • Test Checking Possible
  • Detection of Dishonesty or Irregularity
  • Correct and Complete Records of all the Transactions

Disadvantages of Internal check:-

  • Not for Small Organization
  • Grouping among Employees
  • Expensive
  • Chances of Collusion
  • Disorder in Work
Answered by rizwanas763
1

Answer:

a) internal control

Explanation:

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