Within Cash Disbursements, All of the Following Should Be True

question 35

Multiple Choice

Within cash disbursements, all of the following should be true before a check is prepared, except that:

• A)The purchase order, receiving report, and invoice have been matched.
• B)The purchased goods have been used.
• C)Sufficient cash is available.
• D)The invoice discount date or due date is imminent.

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Definitions:

National Average

The average of a specific set of measurements or data points across the entire nation.

Confidence Interval

An estimate indicating the range within which a population parameter is likely to lie, with a certain degree of certainty, based on data from a smaller sample.

Margin of Error

An expression of the amount of random sampling error in survey results, indicating a range within which the true population parameter is expected to lie.

Sample Size

The number of individual observations or data points collected and used in a statistical analysis.