Properly Designed Internal Control Will Permit the Same Employee To

question 37

Multiple Choice

Properly designed internal control will permit the same employee to:

• A)Receive and deposit checks,and also approve write-offs of customer accounts.
• B)Approve vouchers for payment,and also receive and deposit cash.
• C)Reconcile the bank statements,and also receive and deposit cash.
• D)Sign checks,and also cancel supporting documents.