What is the best control procedure to prevent paying the same invoice twice? a. Segregate check-preparation and

Question:

What is the best control procedure to prevent paying the same invoice twice?

a. Segregate check-preparation and check-signing functions.

b. Prepare checks only for invoices that have been matched to receiving reports and purchase orders.

c. Require two signatures on all checks above a certain limit.

d. Cancel all supporting documents when the check is signed.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Information Systems

ISBN: 9781292060521

13th Global Edition

Authors: Marshall B. Romney, Paul John Steinbart

Question Posted: