Question

Which one of the following is not a physical control? Group of answer choices Bank safety deposit boxes for important papers Independent bank reconciliations Safes and vaults to store cash Locked warehouses for inventories

Answer 1

Answer: Independent bank reconciliations.

Explanation:

A bank reconciliation is a process by which the records of a bank account are verified to be correct, by comparing the personal records with the records that appear on the bank statement. This process is usually done independently when a company wants to audit its accounts and reconcile its processes.

Because this is a review of bank accounts (savings, payroll, checking accounts), no physical control is needed to do it, but rather a monetary control.

I hope this information can help you.