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E, F, G and H just those four please 13.1 Which internal control procedure would be most cost-effective in dealing with the fol. lowing expenditure
E, F, G and H just those four please
13.1 Which internal control procedure would be most cost-effective in dealing with the fol. lowing expenditure cycle threats? a. A purchasing agent orders materials from a supplier that he partially owns. b. Receiving-dock personnel steal inventory and then claim the inventory was sent to the warehouse. c. An unordered supply of laser printer paper delivered to the office is accepted and paid for because the "price is right." After all of the laser printers are jammed, how- ever, it becomes obvious that the "bargain" paper is of inferior quality. d. The company fails to take advantage of a 1% discount for promptly paying a vendor invoice. e. A company is late in paying a particular invoice. Consequently, a second invoice is sent, which crosses the first invoice's payment in the mail. The second invoice is submitted for processing and also paid. 1. Inventory records show that an adequate supply of copy paper should be in stock. but none is available on the supply shelf. g. The inventory records are incorrectly updated when a receiving-dock employee en- ters the wrong product number at the terminal. h. A clerical employee obtains a blank check and writes a large amount payable to a fictitious company. The employee then cashes the check Step by Step Solution
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