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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.


Definitions:

Journalistic Approach

A method of inquiry and reporting that seeks to inform the public by gathering, assessing, and presenting news and information.

Health Insurance Providers

Companies or organizations that offer policies to cover the cost of medical care.

Informal Techniques

Unofficial methods or practices that are not formally recognized but are used to achieve a task or solve a problem.

Requestor Questions

Inquiries made by someone seeking information or clarification on a specific matter.

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