Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. identify the internal control principle below with

Identify the internal control principle below with the appropriate cash disbursements procedure described. ...

70.2K

Verified Solution

Question

Accounting

Identify the internal control principle below with the appropriate cash disbursements procedure described.

image

Identify the internal control principle below with the appropriate cash disbursements procedure described. 1. Compare checks to invoices. 2. Different individuals approve and make payments. 3. Print check amounts by machine with indelible ink. 4. Only designated personnel are authorized to sign checks 5. Each check must have approved invoice. Segregation of Duties Human Resource Controls Establishment of Responsibility Independent Internal Verification Physical Controls Documentation Procedures 6. Requiring employees to take vacations

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

When electromagnetic radiation of wavelength 310 nm fall on the surface of Sodium electrons are...

Physics
Q

2.0 L of a 1.6 M solution is diluted to a total volume of 16.0 L....

Chemistry
Q

A physicist has developed a device that generates a beam of alpha particles (each of which...

Physics
Q

The volume V of a diatomic gas varies with its temperature T as shown in...

Physics
Q

An electric dipole has a fixed dipole moment p which makes angle with respect to...

Physics
Q

Boats from all along the Atlantic coast were moored at a busy marina one summer...

Geometry
Q

Perform the indicated operations 2a 4ab 2b 6a 5b 6b ab 2a 4ab 2b 6a...

Algebra
Q

Need to check my answers. Answer with steps and terminology please! ...

Accounting
Q

A controlling influence over the investee is based on the investor owning voting stock exceeding:...

Accounting
Q

Exerclse 6-9 (Algo) Varlable and Absorption Costing Unit Product Costs and income Statements [LO6-1, LO6-2,...

Accounting
Q

Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but...

Accounting
Q

QUESTION 14 6.25 points Save Answer ABC stock has the following probability distribution and expected...

Finance