The Use of Cash Not Being Optimized May Result in Loss

Multiple Choice

The use of cash not being optimized may result in loss of assets and poor cash management. Choose the best control activity to address this risk.

A) Comparison of the total of the authorized vouchers submitted for payment to the total in the cash disbursements journal for a specific period
B) Comparison of payment information with purchase order and receiving report information
C) Vendor invoice, payment voucher and supporting documentation must be tagged or cancelled to prevent reuse.
D) Take advantage of all supplier discounts if favorable to the company.