The cash disbursements process involves the following sub-processes: _______.
A)approving cash receipts and recording cash disbursements.
B)approving cash disbursements and recording cash disbursements.
C)approving cash receipts and recording cash receipts.
D)approving payables disbursements and recording cash disbursements.

Question

Quizplus · Accepted Answer

The cash disbursements process involves approving cash disbursements, which is the first sub-process, and recording cash disbursements, which is the second sub-process. Option A is incorrect because it mentions "approving cash receipts," which is not relevant to the cash disbursements process. Option C is incorrect because it mentions "recording cash receipts," which is also not relevant to the cash disbursements process. Option D is incorrect because it mentions "approving payables disbursements," which is a subset of the approving cash disbursements sub-process.

The Cash Disbursements Process Involves the Following Sub-Processes: _______