An Accounts Payable Clerk Also Has Access to the Approved

question 105

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) segregation of duties is violated.

Apply the principle of "like dissolves like" to explain solubility behavior.

Recognize the difference between strong and weak electrolytes.

Distinguish between electrolytes and non-electrolytes and their characteristics in solutions.

Predicting the behavior of molecular compounds in water based on their polarity.

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Definitions:

Insufficient Funds

A situation where an account does not have enough money to cover transactions.

Liable

Liable means responsible by law; legally answerable.

Stop Payment

An instruction to a bank not to honor a check or payment previously authorized, often due to disputes or errors in the transaction.

Drawee Bank

The bank upon which a check is drawn and is responsible for paying the amount specified.