Which One of the Following Is not a Procedure in the Approval

question 126

Multiple Choice

Which one of the following is not a procedure in the approval of a specific invoice for payment?

• A) The purchase requisition, purchase order, receiving report, and invoice are compared.
• B) The extensions and footings on the invoice are verified.
• C) An employee verifies that all of the approval activities have been completed before a check is prepared.
• D) The purchasing department prepares a voucher to request payment.

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Definitions:

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the arithmetic accuracy of bookkeeping entries.

Double-Entry Bookkeeping System

An accounting method that records each transaction in two accounts, debit and credit, to ensure the books are always balanced.

Transaction

Dealing accomplished.

Columns

Vertical structures designed to support a building or other structures, or a vertical division in a page layout or table.