Which of the Following Would Detect the Understatement of a Purchase

question 74

Multiple Choice

Which of the following would detect the understatement of a purchase discount?

• A)Verify the arithmetic accuracy of the purchases journal
• B)Compare purchase disbursement records and checks with invoice terms
• C)Compare approved purchase orders to receiving reports
• D)Verify the receipt of items ordered and invoiced

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Definitions:

Federal Funding

Financial support provided by the federal government to support a wide range of services and projects, including education, transport, and healthcare.

Desegregation

The process of eliminating racial segregation, typically referring to the legal and social efforts to end the separation of different racial groups within a society.

National Defense Education Act

1958 law passed in reaction to America’s perceived inferiority in the space race; encouraged education in science and modern languages through student loans, university research grants, and aid to public schools.

Agricultural

Pertaining to farming or the cultivation of plants and animals to produce food, fiber, medicinal plants, and other products.