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:

Total Revenue

The total income received by a company or organization from its normal business activities, usually from the sale of goods and services to customers.

Figure 16-11

This appears to be a reference to a specific figure in a text or document and without further context, it can't be precisely defined.

Profit

The financial gain realized when the revenue from business activities exceeds expenses, costs, and taxes.

Revenue

The sum of earnings from selling goods or providing services which are fundamental to a company's core business activities.