To Avoid Potential Errors and Fraud a Well-Designed Internal Control

question 24

Multiple Choice

To avoid potential errors and fraud a well-designed internal control in the accounts payable area should include a separation of which of the following functions?

• A)Cash disbursements and invoice verification.
• B)Invoice verification and merchandise ordering.
• C)Physical handling of merchandise received and preparation of receiving reports.
• D)Check signing and cancellation of payment documentation.