Which of the Following Items Must Be Examined by the Controller

question 243

Multiple Choice

Which of the following items must be examined by the controller or treasurer before signing a check?

• A) the ledger
• B) the purchase order
• C) the confirmation report
• D) the journal entry

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Definitions:

Deferred Contribution

Contributions or payments made to a fund or organization that are to be recognized as revenue over a future period.

Specific Project

A particular plan or undertaking designed to achieve a certain goal within a designated timeframe and often with a defined budget.

Reporting Method

Refers to the various methodologies and guidelines used for preparing and presenting financial statements.

Restricted Contribution

A donation given to a nonprofit organization with specific conditions attached as to how it can be spent.