The Greatest Amount of Internal and Business Process Control in the Cash

question 116

Multiple Choice

The greatest amount of internal and business process control in the cash disbursements process comes from

• A) the signing of voucher checks by an authorized party.
• B) the prenumbering of vouchers and voucher checks.
• C) the accounts payable function.
• D) a final review of transaction documents prior to the authorization of payment.

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Definitions:

Textile Industry

A sector engaged in the production of yarn, cloth, and the subsequent design or manufacture of clothing and their distribution.

Athletic Performance

The level of achievement and proficiency demonstrated by an athlete or sports participant in competitive settings.

Utility

In economics, the satisfaction or benefit derived from the consumption of goods or services.

Ultimate Consumer

The final purchaser and user of a product or service, as opposed to an intermediary or a business buyer.