Question

the general rule that all major groups of transactions should be supported by either hard copy documents or electronic records is part of the control procedure of: a. adequate records. b. segregation of duties. c. proper approvals. d. limited access.

Explanation:

To solve this, we analyze each option:

• Option A: "Adequate records" control procedure involves maintaining proper documentation (hard copy or electronic) for transactions. This matches the described rule.
• Option B: "Segregation of duties" is about separating different tasks (like authorization, recording, custody) to prevent fraud, not about transaction documentation.
• Option C: "Proper approvals" focuses on getting authorization for transactions, not on record - keeping.
• Option D: "Limited access" is about restricting access to assets or sensitive information, not related to transaction documentation.

Answer:

A. adequate records.