Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which one of the following considered the most effective control for cash disbursement: Select one: O a. Pay directly by cash O b. Pay

Which one of the following considered the most effective control for cash disbursement: Select one: O a. Pay directly by cash O b. Pay by bank transfer O c. Pay by check O d. Always make credit sales Which of the following is totally true about the principles of internal control activities? Select one: O a. Independent internal verification and non-physical control O b. Establishment of responsibilities & less control of human resources c. Banking responsibility & Segregation of duties d. Documentation procedures & Physical Control which one of the following statements doesn't describe the electronic fund transfer: Select one: O a. Is the use of Wire or computer to transfer money between locations O b. Is the use of checks to transfer money between locations O c. Is the use of telephone to transfer money between locations O d. No cash or checks are handled by staff

Step by Step Solution

There are 3 Steps involved in it

Step: 1

O Toternal control payments Cosh are when more offective Cheek is ... 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 concepts and applications

Authors: Albrecht Stice, Stice Swain

11th Edition

978-0538750196, 538745487, 538750197, 978-0538745482

More Books

Students also viewed these Accounting questions

Question

What factors can reduce comparability among financial statements?

Answered: 1 week ago