Multiple Choice
What is the primary goal of internal controls for cash payments?
A) To ensure the lowest prices possible are paid.
B) To make payments as quickly as possible.
C) To ensure that payments are made only for properly authorized transactions.
D) To independently verify cash payments.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: Considering current laws that deal with misstatements
Q70: A cashier for Seaside Electronics rang up
Q71: The cashier for Bell Buoy rang up
Q72: A check that was outstanding on last
Q73: Which principle of internal control states that
Q75: The bank will show a customer's withdrawal
Q76: Assigning responsibilities so that related activities are
Q77: Match the term to the appropriate definition.There
Q78: When cash is received from a remote
Q79: Protecting against theft of assets and enhancing