Question
Fireball Company requires that all documents supporting a check (purchase order, invoice, and receiving report) be canceled by punching a hole through the packet. Why
Fireball Company requires that all documents supporting a check (purchase order, invoice, and receiving report) be canceled by punching a hole through the packet. Why is this practice required? What might happen if it were not? Question content area bottom Part 1 Punching a hole through supporting documents reduces the opportunity for fraud shows that the document can be destroyed . Without this control procedure, a dishonest employee could cash the paycheck of a ficticious employee fail to deposit cash received from accounts receivable collections resubmit the supporting documents for payment a second time . Canceling the documents makes it
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