Multiple Choice
Which of the following is NOT considered a control activity over cash payments?
A) Different individuals approve and make payments.
B) Compare cheques with invoices.
C) Use remittance advices, cash register tapes, and deposit slips.
D) Use electronic payments when possible.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: Internal auditors are company employees.
Q51: A debit memo by a bank would
Q54: A VP of Sales would be the
Q57: Clearing is the process whereby<br>A) the bank
Q71: External auditors may be employees of the
Q74: An independent check of performance would be
Q77: A company maintains the asset account, Cash
Q120: A NSF cheque would always result in
Q125: Julian Company had cheques outstanding totalling $6,400
Q129: The size of a business may limit