Unrecorded payments may result in duplicate payments to vendors or misstatement of financial statements by overstating cash and accounts payable. Choose the best control activity to address this risk.
A) Comparison of vendor ID in cash payments journal with vendor ID on supporting documentation and payments voucher
B) Comparison of the total of the authorized vouchers submitted for payment to the total in the cash disbursements journal for a specific period
C) A three-way match against the purchase order, receiving report, and vendor's invoice
D) Take advantage of all supplier discounts if favorable to the company.

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The Answer of Unrecorded payments may result in duplicate payments to vendors or misstatement of financial statements by overstating cash and accounts payable. Choose the best control activity to address this risk.
A) Comparison of vendor ID in cash payments journal with vendor ID on supporting documentation and payments voucher
B) Comparison of the total of the authorized vouchers submitted for payment to the total in the cash disbursements journal for a specific period
C) A three-way match against the purchase order, receiving report, and vendor's invoice
D) Take advantage of all supplier discounts if favorable to the company.

Unrecorded Payments May Result in Duplicate Payments to Vendors or Misstatement