Which of the following transactions is least likely to require the entry of a specific authorization code?
A) Weekly payroll totaling $10,000
B) Cash disbursement for $1,000
C) $2,000 write-down of obsolete inventory
D) $500 credit sale to a new customer

Question

Quizplus · Accepted Answer

A weekly payroll of $10,000 is a regular and routine transaction that would not require a specific authorization code. The other transactions, such as cash disbursements, inventory write-downs, and credit sales to new customers, may require authorization due to the potential for fraud or error.

Which of the Following Transactions Is Least Likely to Require