LO 5-3 Ismani di viimsbl M5-6 Matching Cash Payment Processes to Internal Control Principles Match each of the following cash payment activities to the internal control principle to which it best relates. Enter the appropriate letter in the space provided. 1. The business manager has the only key to the check-signing equipment. 2. The purchasing manager orders all goods and services for the business. 3. A bank reconciliation is prepared monthly. 4. Prenumbered checks are used for all payments. 5. The company asks suppliers to deliver their mer- chandise to the warehouse but mail their invoices to the accounting department. sayclame solito 900 A. Establish responsibility bo 92lb B. Segregate duties C. Restrict access D. Document procedures E. Independently verify Daviepen 916 eboo S SUOT VO vino aseyolame 24605

LO 5-3 Ismani di viimsbl M5-6 Matching Cash Payment Processes to Internal Control Principles Match each of the following cash payment activities to the internal control principle to which it best relates. Enter the appropriate letter in the space provided. 1. The business manager has the only key to the check-signing equipment. 2. The purchasing manager orders all goods and services for the business. 3. A bank reconciliation is prepared monthly. 4. Prenumbered checks are used for all payments. 5. The company asks suppliers to deliver their mer- chandise to the warehouse but mail their invoices to the accounting department. sayclame solito 900 A. Establish responsibility bo 92lb B. Segregate duties C. Restrict access D. Document procedures E. Independently verify Daviepen 916 eboo S SUOT VO vino aseyolame 24605

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ts. 7,8,9 Seved Which of the following statements is correc? Multtple Cholce An endorsement is a written authortzation that transfers ownership ofa check. If a check is negotiable, It means that ownership cannot be transferred. A check is a written order signed by an authortzed person, the drawee. Most businesses make one monthly deposit of cash recelpts in order to maintaln better control over their cash
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how To do the following following in sage300 ？ add a source code for each of the following types of transactions: a) GL-CR Cash Receipts b) GL-CD Cash Disbursements c) GL-BK Bank Charges d) GL-SA Sales Journal e) GL-SU Setup f) GL-PU Purchases Create the following Source Journal Profile: Profile: Bank Reconciliation Source Codes: Cash Receipts Cash Disbursements Bank Charges
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