Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How many of these are features of good internal control of cash payments? Separation of record-keeping and the authority to sign cheques The use

 

How many of these are features of good internal control of cash payments? Separation of record-keeping and the authority to sign cheques The use of a business bank account allowing all major payments to be made by cheque or electronic transfer Cheques should be written out promptly even if the invoice is not yet provided. The use of a petty cash fund to cover small incidental cash payments . One b. Two . Three d. Four

Step by Step Solution

There are 3 Steps involved in it

Step: 1

How many of these have the features of good internal control over cash payments Answer c Three Defin... 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

Survey of Accounting

Authors: Edmonds, old, Mcnair, Tsay

2nd edition

9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555

More Books

Students also viewed these Accounting questions

Question

What does the statement costs can be assets or expenses mean?

Answered: 1 week ago