For Effective Internal Control Purposes, the Accounts Payable Department Generally

question 127

Multiple Choice

For effective internal control purposes, the accounts payable department generally should:

• A) stamp, perforate, or otherwise cancel supporting documentation after payment is mailed.
• B) obliterate the quantity ordered on the receiving department copy of the purchase order.
• C) establish the agreement of the vendor's invoice with the receiving report and purchase order.
• D) ascertain that each requisition is approved as to price, quantity, and quality by an authorised employee.

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Definitions:

Social Pressure

The influence that is exerted on individuals or groups by others, often leading to conformity in behavior or attitudes.

Observational Learning

The process of learning behaviors through observing and imitating others, also known as social learning or modeling.

Attitude

A psychological construct that represents an individual's degree of like or dislike, favor or disfavor, towards an object, person, thing, or event.

Evaluation

The systematic assessment of the value, importance, or quality of something, often for the purpose of making decisions or improvements.