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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
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
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