Each of the following documents is used in the control of cash disbursements except: A)canceled checks B)Outstanding checks C)Bank credit memos D)Bank debit memos

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Canceled checks are used to document cash disbursements that have already been made. Outstanding checks are checks that have been written but have not yet cleared the bank. Bank debit memos document a bank's removal of funds from the company's bank account, such as for service charges or loan payments. Therefore, bank credit memos are the only document listed that is not typically involved in the control of cash disbursements. Bank credit memos document a bank's addition of funds to the company's bank account, such as for interest earned or customer payments received.

Each of the Following Documents Is Used in the Control