An Accounts Payable Clerk Also Can Change the Approved Supplier

question 46

Multiple Choice

An accounts payable clerk also can change the approved supplier master file for purchases. The control activity

• A) establishment of responsibility is violated.
• B) independent check of performance is violated.
• C) documentation procedures is violated.
• D) segregation of duties is violated.

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Definitions:

Cost of Goods Sold

The direct expenses related to the creation of products sold by a business, including costs for materials and labor.

Sales

Revenue generated from the selling of goods or services within a specific period.