A Cash Disbursement Clerk Issues a Cheque That Has Been

question 27

Multiple Choice

A cash disbursement clerk issues a cheque that has been approved by the treasurer.This is an example of:

• A)Separating record-keeping from asset custody
• B)Separating transaction processing to transaction authorisation
• C)Separating asset custody from transaction processing.
• D)Separating transaction authorisation from record-keeping.

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Definitions:

Mineral Deposit

A natural accumulation of minerals in quantities sufficient for economic extraction.

Younger Sediments

Sediment layers that have been deposited more recently over older layers in the geological strata.

Black Smokers

Hydrothermal vents on the seafloor that emit clouds of black material, rich in minerals like sulfides.

Copper Deposits

Concentrations of copper within the Earth that can be mined for economic value.