Select from the option list provided the most specific and appropriate match for each of the following
Question:
Select from the option list provided the most specific and appropriate match for each of the following items. Each choice may be used once, more than once, or not at all. Item Match
1. Permits timely payments to realize discounts
2. Determines that documents support the voucher and check
3. Examines vendor invoice to determine that terms and prices are correct
4. Copy of purchase order omits the quantity
5. Compares vendor invoice with the receiving reports
6. Cancels payment documents
7. Mails check to avoid improper access
8. Required for checks above a preset limit
9. Assures proper recording in accounts payable control account
10. Assures effectiveness of physical controls Division of duties
Choices are:
Division of duties
Accounts Payable
Division of duties
Prenumbering of documents
Purchasing Agent
Receiving
Cash disbursement
Accounts Payable
Periodic reconcialiation
Periodic counts
Dual signature
Tickler file
Proper authorization
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany