Important principles of internal control include:
A) that payment can be made without an approved voucher.
B) that all transactions are backed with documentation.
C) no separation of duties.
D) all accounting staff have the same start time.
Correct Answer:
Verified
Q2: The reason for filing vouchers in an
Q3: The separation of duties among the employees
Q4: When a purchase is made under the
Q5: The check register is:
A) a special journal.
B)
Q6: Supporting documents for a voucher system are:
A)
Q7: Which of the following is an element
Q8: On the balance sheet, the liability for
Q9: Which of the following is the controlling
Q10: Which situation would NOT result in a
Q11: Paid vouchers may be filed in the
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