Which of the Following Would NOT Represent Good Controls Over

question 22

Multiple Choice

Which of the following would NOT represent good controls over cash disbursements?

• A)Make all disbursements,other than very small ones,by check,debit card,or credit card.
• B)Require only one signature for checks,especially larger ones.
• C)Authorize all expenditures before purchase and verify the accuracy of the purchase itself.
• D)The employee who authorizes payment should not also be the employee who prepares the check.

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Definitions:

Credits Earned

A measure of academic progress, representing the completion of certain coursework or educational requirements.

Researcher

An individual who conducts systematic investigation to establish facts or principles or to collect information on a subject.

Survey Of Consumer Finances

The Survey of Consumer Finances is a detailed survey conducted by the Federal Reserve to gather information about household finances in the United States, including income, saving, debt, and net worth.

SCF

Statement of Cash Flows, a financial report that details the inflows and outflows of cash for a business over a specified period.