menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Tools Study Set 4
  4. Exam
    Exam 7: Fraud, Internal Control, and Cash
  5. Question
    All of the Following Actions Would Strengthen Internal Control Over
Solved

All of the Following Actions Would Strengthen Internal Control Over

Question 27

Question 27

Multiple Choice

All of the following actions would strengthen internal control over a petty cash fund except


A) surprise counts by a supervisor.
B) cancellation of paid vouchers.
C) submission of supporting documents.
D) multiple petty cash custodians.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: Which statement regarding negative cash balances is

Q24: A bank reconciliation should be prepared<br>A)whenever the

Q25: If the cash budget showed a projected

Q26: A basic principle of cash management is

Q28: Deposits in transit<br>A)have been recorded on the

Q29: For which of the following errors should

Q30: A bank statement<br>A)lets a depositor know the

Q31: Under the concept of establishment of responsibility,

Q32: Supervisors counting cash receipts daily is an

Q180: For efficiency of operations and better control

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines