Multiple Choice
Which of the following sets of duties would ordinarily be considered basically incompatible in terms of good internal control? Being able to:
i. Authorize a new supplier and authorising the payment invoices from suppliers
ii. Enter details of new employee on the master file database and prepare the payroll
iii. Record cash receipts in the Cash Book and bank the monies
iv. Maintain the Receivables ledger and authorise credit limits for customers
A) All of the above
B) i, ii and iv only
C) i, ii, iii only
D) ii, iii and iv only
Correct Answer:

Verified
Correct Answer:
Verified
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