Before Signing a Cheque,the Controller or the Treasurer Should Examine

question 80

True/False

Before signing a cheque,the controller or the treasurer should examine the purchase order,the invoice and the receiving report to determine that the company received the goods and that the company is paying only for the goods received.

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Definitions:

Sue

To initiate legal proceedings against a person or entity in order to seek a remedy or resolution for a grievance.

Assignment

A task or piece of work allocated to someone as part of a job or course of study.

Settlement

An agreement reached between parties in a dispute, typically without admission of guilt or fault, to resolve the matter without further legal action.

Debt

Money owed by one party to another under the condition that it will be paid back, often with interest.