Multiple Choice
A set of procedures and approvals for verifying, approving, and recording obligations for eventual cash disbursement, and for issuing checks for payment only of verified, approved, and recorded obligations is referred to as a(n) :
A) Cash disbursement system.
B) Cash control system.
C) Internal cash system.
D) Petty cash system.
E) Voucher system.
Correct Answer:
Verified
Correct Answer:
Verified
Q178: A key factor in a voucher system
Q179: A _ is a document explaining the
Q180: Internal control of cash receipts aims to
Q181: Because employees know that bonding is an
Q182: Describe the basic bank services that contribute
Q184: Cash registers, time clocks, and personal identification
Q185: A check involves 3 parties: a maker
Q186: All of the following are true of
Q187: Meng Co. maintains a $300 petty cash
Q188: Money orders, cashier's checks, and certified checks