A Strong System of Internal Control Requires That All Payments

question 43

True/False

A strong system of internal control requires that all payments be made by check except those made from a carefully controlled cash fund, such as a petty cash fund.

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Definitions:

Mismatched

Something that does not correspond or align with another item, leading to a discrepancy or lack of harmony.

Cholesterol

A substance with a waxy, fatty consistency that is present in every cell of the body, essential for creating cell membranes, various hormones, and vitamin D.

Nucleic Acid

Polymer of nucleotides, consisting of DNA and RNA, forms a family of substances that comprise the genetic material of cells and control protein synthesis.

Steroid

A type of organic molecule characterized by a specific structure of four linked carbon rings, including hormones and certain vitamins.