As part of a sound system of internal controls, all disbursements (with the exception of petty cash) should be made by check.

Name: As part of a sound system of internal controls, all disbursements (with the exception of petty cash) should be made by check.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Making disbursements by check provides a clear audit trail and helps prevent fraud and errors compared to cash transactions. Petty cash is an exception because it involves small amounts and frequent transactions.

As Part of a Sound System of Internal Controls, All