Which of the Following Items Is NOT Required to Be

question 119

Multiple Choice

Which of the following items is NOT required to be examined by the controller or treasurer before signing a cheque?

• A)The journal entry
• B)The receiving report
• C)The purchase order
• D)The invoice

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Definitions:

Nonnegotiable Document

A legal or official document whose terms and conditions cannot be altered or bargained over.

Good-Faith Purchaser

A buyer who purchases property without knowledge of any claims, liens, or encumbrances on the property.

Good Title

Legal terminology indicating that a property is owned free and clear of any liens, encumbrances, or legal questions concerning the ownership.

Stolen Vehicle

An automobile that has been taken without the owner's consent, typically involving theft.