Question
The internal control process that requires the approval of a cash disbursement transaction to take place prior to the preparation of the check, will help
The internal control process that requires the approval of a cash disbursement transaction to take place prior to the preparation of the check, will help to minimize the risk of:
a.Invalid payments
b. Fictitious payments
c. Timing issues
d. Stolen cash
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
