Cars Inc. paid its vendor, Bikes Inc., twice for the same shipment, SH-00034 in the amount...

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Cars Inc. paid its vendor, Bikes Inc., twice for the same shipment, SH-00034 in the amount of $2,300. The first payment was made immediately upon receipt of the invoice in the mail. The second payment was made when Cars Inc. received a statement from Bikes Inc. with all sales and poyments made in the month What type of internal control would prevent an error like this in the future? Mutiple Choice CEO provides support for all cheques writen None of the above could prevent this from happening Approval of payment onty ater goods are delivered Approval of payment based only on inveice, not morthly statement Segregation of outes between AR and AP stat Cars Inc. paid its vendor, Bikes Inc., twice for the same shipment, SH-00034 in the amount of $2,300. The first payment was made immediately upon receipt of the invoice in the mail. The second payment was made when Cars Inc. received a statement from Bikes Inc. with all sales and poyments made in the month What type of internal control would prevent an error like this in the future? Mutiple Choice CEO provides support for all cheques writen None of the above could prevent this from happening Approval of payment onty ater goods are delivered Approval of payment based only on inveice, not morthly statement Segregation of outes between AR and AP stat

Answer rating: 100% (QA)

Answers The correct answer for the question is Option C Approval of payment on... View the full answer