Solved

Properly Designed Internal Control Will Permit the Same Employee To

Question 37

Multiple Choice

Properly designed internal control will permit the same employee to:


A) Receive and deposit checks,and also approve write-offs of customer accounts.
B) Approve vouchers for payment,and also receive and deposit cash.
C) Reconcile the bank statements,and also receive and deposit cash.
D) Sign checks,and also cancel supporting documents.

Correct Answer:

verifed

Verified

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

Related Questions