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Match each of the following cash payment activities to the internal control principle to which it best relates. Select the ap Internal Control Principle from
Match each of the following cash payment activities to the internal control principle to which it best relates. Select the ap Internal Control Principle from the dropdown listed below. Cash Payment Activities 1. The business manager has the only key to the check-signing equipment. 2. The purchasing manager orders all goods and services for the business. 3. A bank reconciliation is prepared monthly. 4. Prenumbered checks are used for all payments. 5. The company asks suppliers to deliver their merchandise to the warehouse but mail their invoices to the accounting department. Internal Control Principle Document Procedures Establish Responsibility Independently Verify Restrict Access Segregate Duties
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