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When the store manager receives a requisition note, he issues three copies of purchase order. Two copies of these orders are sent to the vendor
When the store manager receives a requisition note, he issues three copies of purchase order. Two copies of these orders are sent to the vendor and one copy remains in the stores file. When the goods are received, the store manager matches the purchase order with the invoice and forwards them to accounts payable department for payment of dues. Which of the following statement best describes the internal control over the purchasing process? only Adequate internal control exists. Inadequate segregation of duties. angwer Inadequate segregation of duties. Inadequate control over accounts payable
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