Which of the Following Is an Example of Good Internal

question 36

Multiple Choice

Which of the following is an example of good internal controls over purchases?

• A) Purchases are made only after proper authorization is given.
• B) Payment for purchases should be based on the purchase order only.
• C) The person who orders should be authorized for payment.
• D) The person who writes the check should be involved in the foregoing purchasing procedures.

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Sheet Name

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Growth Trend

An observable pattern or direction of growth, expansion, or development in economic, business, or data metrics over a period of time.

Profit

The financial gain made from a transaction or operation, calculated by subtracting total expenses from total revenues.

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