Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is not an internal control related to cash payments? A . The person who is authorized to sign checks should be
Which of the following is not an internal control
related to cash payments?
A The person who is authorized to sign
checks should be different from the person
who prepares checks.
BAll payments should be made using cash or
EFT rather than by check.
C Only designated personnel are authorized
to sign checks.
D All of these internal control policies relate
to cash payments.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started