Multiple Choice
Important principles of internal control include:
A) that no payment can be made without an approved voucher.
B) that all transactions are backed with documentation.
C) separation of duties.
D) All of these answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Vouchers Payable is a liability account on
Q40: For each of the following, identify
Q41: If Vouchers Payable has been debited,it is
Q43: Which of the following is not true
Q49: To maintain good internal control procedures,the person
Q50: For each of the following, identify
Q51: Given the following accounts:<br>-Borrowed $4,000, signing a
Q64: The separation of duties among the employees
Q86: Vouchers Payable replaces Accounts Payable in the
Q120: Supporting documents for a voucher system are:<br>A)filed