For good internal control, which of the following duties can be performed by the same individual? .
Question:
For good internal control, which of the following duties can be performed by the same individual?
. Approve purchase orders
. Negotiate terms with suppliers
. Reconcile the organization’s bank account
. Approve supplier invoices for payment
. Cancel supporting documents in the voucher package
. Sign checks
. Mail checks
. Request inventory to be purchased
. Inspect quantity and quality of inventory received
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting Information Systems
ISBN: 9781292220086
14th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
Question Posted: