Which of the following is not a suggested procedure to establish a good control activity over cash disbursements? A)pre-signed blank cheques B)Different individuals approve and make payments. C)Blank cheques are stored with limited access. D)The bank statement is reconciled monthly.

Question

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Pre-signed blank cheques do not establish good control over cash disbursements because they can be easily misused, leading to potential fraud or unauthorized transactions. Good control practices involve measures that ensure transactions are authorized, recorded accurately, and assets are safeguarded, which pre-signed cheques do not support.

Which of the Following Is not a Suggested Procedure to Establish