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Which of the Following Is a Good Internal Control for Cash

Question 58

Multiple Choice

Which of the following is a good internal control for cash payments?


A) Payments to suppliers should be made as quickly as possible.
B) An experienced accountant should have total responsibility for all cash payment functions.
C) Payments should be authorised before they are made.
D) Supporting documentation should be destroyed immediately after payment to avoid incorrectly paying twice.

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