Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is not true about a 3-way match? Multiple Choice A 3-way match compares what was ordered, received and billed. A 3-way match is a

What is not true about a 3-way match?

Multiple Choice

  • A 3-way match compares what was ordered, received and billed.
  • A 3-way match is a principle of internal control.
  • A 3-way match cross checks the amounts across three documents.
  • A 3-way match compares the inventory's physical count with accounting records and the value of the inventory.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Accounting Volume 2

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

2nd Canadian edition

176501452, 978-0176501457, 978-0176509743

More Books

Students also viewed these Accounting questions

Question

8. How docs the group react 10 deviance from its norms?

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago