Which of the Following Is Not a Major Control Feature

question 64

Multiple Choice

Which of the following is not a major control feature of the cash disbursements business process?

• A) Use of a voucher system
• B) Use of an imprest fund
• C) An independent bank reconciliation
• D) Separation of approval from actual payment

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Definitions:

Paper Cupcake Liners

Disposable paper molds used to line the cups of muffin tins to prevent cupcakes from sticking to the pan.

Managerial Accounting Reports

Managerial accounting reports are internal financial reports that are tailored to the specific informational needs of a company's management, providing detailed insights on operational performance, costs, budgeting, and decision-making analyses.

GAAP

Generally Accepted Accounting Principles, which are a set of rules and standards used in financial reporting.

Usefulness to Management

The extent to which information or data can aid managers in making informed decisions regarding the operations and strategy of a business.