Documentation Procedures Over Cash Payments Include All of the Following

question 108

Multiple Choice

Documentation procedures over cash payments include all of the following EXCEPT

• A) using prenumbered cheques.
• B) ensuring each cheque has an approved invoice.
• C) accounting for the numerical sequence of all cheques.
• D) reconciling bank statements monthly.

---

Definitions:

Implied Warranty

A legally assumed guarantee that a product will meet certain quality and reliability standards.

Warranty Of Fitness

A guarantee provided by a seller that the goods or services sold will be appropriate and suitable for the specified purpose.

Express Warranty

A clearly stated guarantee provided by a seller regarding the condition or quality of a product.

Implied Warranty

An unwritten, unstated guarantee that a product will meet basic standards of quality and reliability.