The Following Set of Items Describes Activities Completed by a Company

question 54

Multiple Choice

The following set of items describes activities completed by a company in purchasing and paying for merchandise.For each activity,identify whether or not the activity adheres to or violates sound internal control procedures.
-All documents attached to an invoice approval form are canceled before a check is signed.

• A)Adheres to sound internal control procedures
• B)Violates sound internal control procedures
• C)Neither strengthens nor violates internal control

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Definitions:

Logical Conclusions

The final step in a reasoning process, based on the logical combination of facts, observations, or premises.

Abstract Terms

Words or phrases that represent ideas or concepts that are not tangible or concrete.

Cephalocaudal

A principle of human growth and development where development proceeds from the head downwards through the body.

Proximodistal

A pattern of growth and development in children where development proceeds from the body's central axis outward to the extremities.