The Internal Control Process That Requires Purchase Return Records Be

question 72

Multiple Choice

The internal control process that requires purchase return records be matched with the original purchase documentation and verified for item descriptions, quantities, dates, and prices, will help to minimize the risk of:

• A)Incorrect amounts
• B)Omitted returns
• C)Fictitious returns
• D)Invalid vendors

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Definitions:

Ellipse

A set of points in a plane such that the sum of the distances from two fixed points (foci) to any point on the ellipse is constant.

Center

The middle point of a geometric figure, which is equidistant from all boundary points in the case of a circle or sphere.

Equation

A mathematical statement that asserts the equality of two expressions, typically involving variables and constants.

Graph

A visual representation of data or mathematical functions, usually drawn on a coordinate plane, showing the relationship between two or more variables.