Question: Which statement is NOT correct for an expenditure system with proper internal controls? a. Cash disbursements maintains the check register. b. Accounts payable maintains the

Which statement is NOT correct for an expenditure system with proper internal controls?

a. Cash disbursements maintains the check register.

b. Accounts payable maintains the accounts payable subsidiary ledger.

c. Accounts payable is responsible for paying invoices.

d. Accounts payable is responsible for authorizing invoices.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Information Systems Questions!