Which of the following should the purchasing agent NOT be able to do?
A) Approve the payment.
B) Negotiate prices with suppliers.
C) Contact the supplier of the goods.
D) Prepare the purchase order.
Correct Answer:
Verified
Q96: For good controls over cash payments,the person
Q107: The use of electronic data interchange (EDI)bypasses
Q110: Cash in the bank is more liquid
Q115: Petty cash is a fund containing a
Q116: A key to strong control over petty
Q122: Which of the following statements describes an
Q128: The journal entry to open a new
Q129: If a single person is authorised to
Q130: A document authorising a cash payment is
Q135: The journal entry to replenish a petty
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents