Which of the following controls would most likely prevent a vendor’s invoice from being paid twice? a. An independent bank reconciliation is prepared. b. The software application compares information on the check with information on the receiving report. c. The software application compares the daily total in the cash disbursements journal with the total vouchers submitted for payment. d. The

Chapter 12, Multiple Choice Questions #8

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Which of the following controls would most likely prevent a vendor’s invoice from being paid twice?

a. An independent bank reconciliation is prepared.

b. The software application compares information on the check with information on the receiving report.

c. The software application compares the daily total in the cash disbursements journal with the total vouchers submitted for payment.

d. The software application has a field that identifies a vendor’s invoice has been paid and the voucher number cannot be reused.

Related Book For answer-question

Auditing A Practical Approach with Data Analytics

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

ISBN: 978-1119401742