When a disbursing officer issues a check in a large business, he or she usually cannot know

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When a disbursing officer issues a check in a large business, he or she usually cannot know from personal contact that the assets, goods, or services for which the check pays were received by the business or that the purchase was properly authorized. However, if the company has an internal control system, the officer can depend on the system. Exactly what documents does the officer depend on to tell that the purchase was authorized and properly made and the goods were actually received?

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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