Answer the following questions by selecting the appropriate answer:$1.$ Within cash disbursements, all of the following should be true before a check is prepared, except that: Choose...The purchased goods have been used.The PO$,$ receiving report, and invoice have been matched.Sufficient cash is available.The invoice discount date or due date is imminent$\mathrm{.}2.$A manager suspects that certain employees are ordering merchandise for themselves over the Internet without recording the purchase or receipt of the merchandise. When vendors' invoices arrive, one of the employees approves the invoices for payment. After the invoices are paid, the employee destroys the invoices and related vouchers. To trace whether this is actually happening, it would be best to begin tracing from the: Choose...approved vouchers.cash disbursements.receiving reports.vendors' invoices$\mathrm{.}3.$Within accounts payable, to ensure that each voucher is submitted and paid only once, each invoice approved to be paid should be: Choose...supported by a receiving report.prenumbered and accounted for.approved for authorized purchases.stamped "paid" by the check signer$\mathrm{.}4.$For proper segregation of duties in cash disbursements, the person who signs checks also: Choose...returns the checks to accounts payable.is denied access to the supporting documents.reviews the monthly bank reconciliation.is responsible for mailing the checks$\mathrm{.}5.$Which of the following internal controls would help prevent overpayment to a vendor or duplicate payment to a vendor? Choose...Approving the purchase before the goods are ordered from the vendor.Review and cancellation of supporting documents after issuing payment.Requiring the checksigner to mail the payment directly to the vendor.Review of the accounts where the expenditure transaction has been recorded$\mathrm{.}6.$ Which of the following is not an independent verification related to cash disbursements?Choose...The stock of unused checks should be adequately secured and controlled.The bank statement is reconciled on a monthly basis.The cash disbursements journal is reconciled to the general ledger.The accounts payable subsidiary ledger is reconciled to the general ledger$\mathrm{.}7.$ Input controls such as field check, validity check, limit check, and reasonableness check are useful in IT systems of purchasing processes to lessen which of the following risks? Choose...Repudiation of purchase transactions.Unauthorized access.Invalid data entered by vendors.Virus and worm attacks$\mathrm{.}8.$ Which of the following is most likely to be effective in deterring fraud by upper$-$level managers? Choose...Segregating custody of inventory from inventory record keeping.Internal controls.Matching documents prior to payment.An enforced code of ethics$\mathrm{.}9.$ Which of the following statements about payroll and fixed asset processes is true?Choose...Both have only routine processes.Both have routine and nonroutine processes.Both have onlynonroutine processes.Payroll has only routine processes, while fixed asset has only nonroutine processes$\mathrm{.}10.$ For a given pay period, the complete listing of paychecks for the pay period is a: Choose....paymaster.payroll journal.payroll ledger.payroll register.