Which of the Following Does Not Contribute Toward Achieving Internal

question 177

Multiple Choice

Which of the following does not contribute toward achieving internal control over cash?

• A)The practice of making small cash disbursements directly from the current day's cash receipts
• B)The preparation of cash budgets
• C)The use of a petty cash fund
• D)The practice of approving every expenditure before the cash disbursement is made

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world’s nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.

Oil Embargo

A policy measure that restricts the trade of oil to certain nations or entities, often used as an economic sanction or a tool of foreign policy.

Prosperity

A state of flourishing, thriving, good fortune or successful social status; often associated with economic growth and stability.

Albert Camus

A French philosopher, author, and journalist known for his contributions to existentialism and absurdism.