Question
Henry Co. implemented a system of internal controls to help with cash disbursements. Which of the following would best ensure that only items that have
Henry Co. implemented a system of internal controls to help with cash disbursements. Which of the following would best ensure that only items that have been received are paid for?
A. The CEO authorizes all purchases
B. Warehouse employees sign the shipping order received with merchandise indicating any discrepancies
C. Accounts payable employees pay all invoices received within 3 working days
D. None of the above
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
