Important Elements of an Internal Control System for Cash Disbursements

question 132

Multiple Choice

Important elements of an internal control system for cash disbursements include each of the following except:

• A) Only authorized personnel should sign checks.
• B) All expenditures should be authorized before a check is prepared.
• C) All disbursements, other than very small disbursements, should be made by check.
• D) The same person that prepares the check should also record it in the proper journal.

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Definitions:

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