In a Properly Designed Internal Control System,the Same Employee May

question 5

Multiple Choice

In a properly designed internal control system,the same employee may be permitted to

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