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David Ronnel
on Nov 14, 2024

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Blank checks

A) should be safeguarded.
B) should be pre-signed.
C) do not need to be safeguarded since they must be signed to be valid.
D) should not be prenumbered.

Blank Checks

Blank checks are checks that are not filled out, having no specified amount of money written on them, but signed and ready to be used for any amount.

Safeguarded

In the context of finance and accounting, safeguarded refers to measures or controls implemented to protect assets from loss, theft, or unauthorized use.

  • Understand the principles of internal control systems.
  • Understand the security measures for protecting tangible and intangible assets.
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IH
Isabella HawkinsNov 21, 2024
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