Which of the following is NOT a reason why paying by check is an important internal control?
A) The check provides a record of the payment.
B) The check must be signed by an authorized official.
C) Before signing the check, the purchasing agent reviews the invoice or other evidence supporting the payment.
D) All of the above statements are correct.
Correct Answer:
Verified
Q112: For the following situation,state whether it represents
Q113: Which of the following statements describes a
Q114: Match each term to its definition.
-Check
A)Sent by
Q115: Petty cash is a fund containing a
Q116: A key to strong control over petty
Q118: Evaluated Receipts Settlement is _.
A) a streamlined
Q119: Which of the following statements describes an
Q120: A streamlined process that bypasses paper documents
Q121: The journal entry to open a new
Q122: The petty cash fund had an initial
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents