Essay
Listed below are examples of several internal control procedures.
Required: For the following internal control procedures,give the objective of the control:
a.The stock of unused checks is kept under lock and key.
b."Surprise" counts of cash funds are conducted periodically.
c.All purchases must be made by the purchasing department.
d.The accounting department matches invoices to copies of purchase orders.
Correct Answer:
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a.This prevents checks from being stolen...View Answer
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Correct Answer:
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