menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 6: Managing and Reporting Working Capital
  5. Question
    The Basic Rule for Good Internal Control Over Cash Payments
Solved

The Basic Rule for Good Internal Control Over Cash Payments

Question 16

Question 16

Short Answer

The basic rule for good internal control over cash payments is to have all payments ____________________ before they are made.

Correct Answer:

verifed

Verified

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

Related Questions

Q11: Which of the following pieces of information

Q12: Accounts receivable can provide a greater increase

Q13: The cost of goods sold would appear

Q14: The most likely asset to be stolen

Q15: _ is calculated by subtracting current liabilities

Q17: The total amount of accounts receivable less

Q18: Which of the following is NOT a

Q19: Working capital management is a balancing act

Q20: Describe six inventory controls.

Q21: What are the best ways to prevent

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