Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. Which of the following is NOT a feature of the internal control of cash payments? A. Two staff members should sign the cheques. B.

image text in transcribed

8. Which of the following is NOT a feature of the internal control of cash payments? A. Two staff members should sign the cheques. B. The signatories should be involved in invoice approval. C. Payments should only be made for properly authorised documentation D. Cheques should be endorsed with a stamp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 23 - Internal Control

Authors: Kate Mooney

1st Edition

0071719458, 9780071719452

More Books

Students also viewed these Accounting questions