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Unrecorded payments may result in duplicate payments to vendors or misstatement of financial statements by...

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Accounting

Unrecorded payments may result in duplicate payments to vendors or misstatement
of financial statements by overstating cash and accounts payable. Choose the best
control activity to address this risk.
Take advantage of all supplier discounts if favorable to the company.
Comparison of vendor ID in cash payments journal with vendor ID on
supporting documentation and payments voucher
Report missing numbers in a sequence of prenumbered checks or ETFs for
investigation and resolution.
A three-way match against the purchase order, receiving report, and vendor's
invoice
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