Which of the Following Client Control Activities Is Not Usually

question 11

Multiple Choice

Which of the following client control activities is not usually performed in the vouchers payable (accounts payable) department?

• A)Determining the mathematical accuracy of the vendors' invoices
• B)Writing checks for the treasurer's signature to take advantage of purchase discounts
• C)Controlling the mailing of the check and remittance advice
• D)Checking the prices on the vendor's invoice

---

Definitions:

Income Statement

A document detailing a corporation's financial results for a given fiscal period, including income, costs, and net profit.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating capital structure.

Financing Activities

Transactions between a business and its sources of funding, including equity and debt, reflected in the cash flow statement.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.