For Payment Voucher Input Validity, Which Control Plan Uses Records

question 78

Multiple Choice

For payment voucher input validity, which control plan uses records in the AP master data to gives authorization to the cash disbursements computer program to make payment?

• A)independent validation of vendor invoices
• B)match invoice, purchase order, and receiving report
• C)independent authorization to make payment
• D)reconcile input and output batch totals

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Definitions:

Break-Even Point

The sales level at which a company neither makes a profit nor incurs a loss.

Degree Of Operating Leverage

A measure of how much a company's operating income can increase with a given increase in sales. It highlights the sensitivity of a company's operating income to changes in sales.

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a percentage of its previous value, often used to measure growth rates or changes in financial metrics.

OCF

Operating Cash Flow, which is the cash generated by normal business operations.