Which of the Following Is an Internal Control Activity That

question 71

Multiple Choice

Which of the following is an internal control activity that could prevent a paid disbursement voucher from being presented for payment a second time?

• A)Vouchers should be prepared by individuals who are responsible for signing disbursement checks.
• B)Disbursement vouchers should be approved by at least two responsible management officials.
• C)The date on a disbursement voucher should be within a few days of the date the voucher is presented for payment.
• D)The official who signs the check should compare the check with the voucher and should stamp PAID on the voucher documents.

Understand and calculate the price per share before and after various corporate finance activities.

Analyze the impact of dividend decisions on retained earnings and shareholder equity.

Understand the concept and application of prototypes in defining concepts.

Comprehend deductive and inductive reasoning and their applications in everyday scenarios.

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Definitions:

Cultivated Land

Land that has been prepared and used for crop production through plowing, sowing, and managing crops.

Conventional Tillage

A traditional farming method involving the plowing of land to prepare for sowing seeds, which can lead to soil erosion.

Conservation Tillage

An agricultural practice that minimizes soil erosion and water loss by leaving crop residue on fields between seasons.

Contour Farming

An agricultural technique in which farming (tilling, planting, etc.) is conducted following the contours of the land, aimed at reducing soil erosion and water runoff.