In a System of Good Internal Control, a Payment to a Supplier

question 17

Multiple Choice

In a system of good internal control, a payment to a supplier requires which documents for proper approval?

• A)a journal entry, a supplier invoice, and a description of the goods being purchased
• B)a receiving report, an invoice, and a purchase order
• C)a purchase order, a journal entry, and a price catalog
• D)a supplier invoice, a bill of lading, and the supplier's financial statements

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Definitions:

Justification

A reason or argument that explains why a particular action, belief, or statement is reasonable or necessary.

Premise

A prior assertion or claim from which another conclusion is drawn or follows logically.

Simp

Slang for someone who demonstrates excessive sympathy or attention towards another person, often without reciprocation.

Taut

An assertion that holds truth as a result of its inherent logic or by necessity.