To maintain effective internal control, the majority of all payments in an organization should be made using checks.

Name: To maintain effective internal control, the majority of all payments in an organization should be made using checks.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Using checks provides a paper trail for the payment and allows for better tracking and monitoring of transactions. It also reduces the risk of fraud and errors compared to using cash or other forms of payment.

To Maintain Effective Internal Control, the Majority of All Payments