Multiple Choice
Which situation would not result in a separation of duties?
A) The person who approves purchases does not make the payments.
B) The person who makes journal entries is the same as the person who signs and mails checks.
C) The person who makes purchases is different from the one who approves the purchase.
D) The person who distributes paychecks does not make journal entries.
Correct Answer:

Verified
Correct Answer:
Verified
Q37: Given the following accounts:<br>-Paid voucher #422, payment
Q47: Vouchers are recorded in alphabetical order.
Q73: For each of the following, identify
Q74: Clip Company bought $6,500 of merchandise from
Q75: A voucher register could contain which of
Q77: In a voucher system,a schedule of vouchers
Q79: On May 1,Garcia Corporation bought $6,000 of
Q80: Describe how the transactions listed would
Q81: Laird Corporation bought $2,000 of merchandise from
Q82: Brooke's Company purchased $1,500 of merchandise with