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:

Sick Leave

Paid or unpaid time off work granted by employers to employees due to illness or injury.

Labor Unions

Employee organizations formed to deal with employers for achieving better pay, hours, and working conditions.