Which of the following is not an essential cash payment internal control? Muitiple Choice Enter...

80.2K

Verified Solution

Question

Accounting

image
Which of the following is not an essential cash payment internal control? Muitiple Choice Enter promptly in the accounting records all cash payment transactions. Hawe checks prepared and recorded in the checkbock or chech register by the same persion who hpproves the paymients. Issue checks only with an apprayed bil, invoice, or other socument that descrites the ceasion for the poyment

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students