For Good Internal Control Over Cash Payments,the Company Officer Approving

question 92

True/False

For good internal control over cash payments,the company officer approving a payment voucher should be the same as the person who ordered the goods.This ensures that the correct amount of cash is paid.

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Definitions:

Different Perspectives

Diverse viewpoints or ways of looking at an issue or situation, highlighting the variability in human thought and opinion.

Scientific Method

A systematic procedure of observing and measuring phenomena (observable things) to answer questions about what happens, when it happens, what causes it, and why. This process involves a dynamic interaction between theories, hypotheses, and research methods.

Research Method

Systematic procedures or strategies used to conduct studies and gather data in various fields of study.

Hypothesis

An initial explanation suggested for a phenomenon, intended as a basis for additional research.