Match the Internal Control Principle Below with the Appropriate Cash

question 168

Short Answer

Match the internal control principle below with the appropriate cash disbursements procedure described.
a. Establishment of responsibility
b. Segregation of duties
c. Documentation procedures
d. Physical controls
e. Independent internal verification
f. Human resource controls
_____ 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.
_____ 6. Requiring employees to take vacations.

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Definitions:

Logically Certain

A statement or proposition is considered logically certain when its truth is incontrovertible and can be deduced from logical reasoning alone, irrespective of empirical evidence.

Elimination by Aspects

A decision-making model that systematically evaluates alternatives by eliminating those that fail to meet specific criteria, one aspect at a time.

Decision-Making Study

Research focused on understanding how individuals make choices and come to conclusions, exploring the processes and factors involved.

Truth Table

A method of showing when compound logical expressions are true and when they are false by considering every possible assignment of truth values to propositions.