Multiple Choice
For effective internal control, the accounts payable department should compare the information on each vendor's invoice with the
A) Receiving report and the purchase order.
B) Receiving report and the voucher.
C) Vendor's packing slip and the purchase order.
D) Vendor's packing slip and the voucher.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: A receiving report is used to document
Q7: The mailing of disbursement checks and remittance
Q9: Accounts payable confirmations are used to test<br>A)
Q10: Identify whether the following tests are substantive
Q14: Match the test of controls described below
Q15: With respect to a small company's system
Q16: Substantive procedures to examine the completeness assertion
Q21: If payables turnover has increased significantly since
Q32: Which of the following procedures relating to
Q39: Which of the following is a substantive