Which One of the Following Is a Sound Internal Control

question 110

Multiple Choice

Which one of the following is a sound internal control procedure for cash disbursements?

• A) Making copies of purchase orders for the receiving department so they know how many items to be expected upon delivery
• B) Using presigned checks to facilitate payment within the cash discount period
• C) Comparing purchase requisitions, purchase orders, receiving reports, and invoices
• D) Requiring the signature of the purchasing department supervisor on checks

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Definitions:

Complete Set

An all-inclusive collection of items that together form a whole or are required to complete a task.

Products and Services

The items and assistance a business offers to meet the needs and desires of consumers.

Voluntary Marketing Exchange

Transactions where both the buyer and seller willingly engage in the trade of goods or services, each expecting to benefit from the exchange.

Product

Any item or service offered by a firm that meets a need or desire of consumers.