Which of the following is not an example of good internal control over cash payments? a. Make
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Which of the following is not an example of good internal control over cash payments?
a. Make all payments from petty cash instead of using checks
b. Use prenumbered checks
c. Issue checks only with an approved bill
d. Have checks prepared and recorded in the accounting records by someone other than the person approving payments
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The correct answer is a Make all payments from petty cash instead of using checks Petty cash is a sm...View the full answer
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College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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