An Accounts Payable Clerk Also Has Access to the Approved

question 169

Multiple Choice

An accounts payable clerk also has access to the approved supplier master file for purchases.The control principle of

• A)establishment of responsibility is violated.
• B)independent internal verification is violated.
• C)documentation procedures is violated.
• D)separation of duties is violated.

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Definitions:

Tax Return

The documentation filed with tax authorities detailing income earned, taxes owed, and other information necessary to calculate tax liability.

Adjusted Gross Income

This is your gross income after adjustments have been made for certain deductions, crucial in determining your taxable income.

Miscellaneous Deductions

Deductions that do not fit into standard categories on tax returns, often subject to limitations or thresholds before they can be claimed.

Job-Hunting Expenses

Costs incurred while seeking employment in your current occupation, which can include travel expenses, resume preparation, and employment agency fees, may be deductible under certain conditions.