For Good Internal Control,the Purchasing Agent Should Neither Receive the Goods

question 130

True/False

For good internal control,the purchasing agent should neither receive the goods nor approve the payment.

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Definitions:

Outsourcing

The practice of hiring third parties to perform services or produce goods that were previously handled internally by the company's own staff.

Online Catalog

A digital platform that displays products or services offered by a company, allowing customers to browse, search, and sometimes purchase items directly over the internet.

Digitized Version

A digital format of a document, image, sound, video, or any other type of content that has been converted from its original physical or analog medium for easier access, storage, and sharing.

Terms and Conditions

The set of regulations and agreements that form the legal basis of transactions or user agreements.