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Which of the following is not a suggested procedure to establish internal control over cash disbursements? The bank statement is reconciled monthly. Anyone can sign
Which of the following is not a suggested procedure to establish internal control over cash disbursements?
| The bank statement is reconciled monthly. |
| Anyone can sign the checks. |
| Blank checks are stored with limited access. |
| Different individuals approve and make the payments. |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
