Which of the Following Is Not a Common Internal Control

question 31

Multiple Choice

Which of the following is not a common internal control procedure over cash payments?

• A)A receipt should be provided to each cash customer
• B)Checks should be properly authorized with approval signatures
• C)All checks should be prenumbered
• D)Voided checks should be defaced and retained

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Definitions:

Fitness Program

A structured regimen or plan designed to achieve physical fitness goals, such as improving strength, flexibility, endurance, or overall health.

Population Variances

A statistical measure that represents the dispersion or spread of a set of data points in a population.

Profit Margin

A financial ratio, often expressed as a percentage, that compares a company's net income to its sales. It reveals how much profit a company makes for each dollar of its sales.

Sample Variances

The measure of spread within a sample dataset, calculated as the sum of squared deviations from the sample mean divided by the number of observations minus one.