What is the best control procedure to prevent paying the same invoice twice? a. Segregate check-preparation and
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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.
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Related Book For
Accounting Information Systems
ISBN: 9781292060521
13th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
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