Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following would not represent good controls over cash disbursements?The employee verifying the accuracy of the debit card and credit card statements should

Which of the following would not represent good controls over cash disbursements?The employee verifying the accuracy of the debit card and credit card statements should not also be the employee responsible for actual purchases.Set maximum purchase limits on debit cards and credit cards.Employees responsible for making cash disbursements should also be in charge of cash receipts.Periodically verify amounts shown in the debit card statements against purchase receipts.

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

More Books

Students also viewed these Accounting questions