The receiving department compares the quantity received with the quantity prin on the receiving report when the purchase order was prepared. O d. Cannot be determined. O c. Neither strengthens nor violates internal control b Violat
The receiving department compares the quantity received with the quantity prin on the receiving report when the purchase order was prepared. O d. Cannot be determined. O c. Neither strengthens nor violates internal control b Violat
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following set of items describes activities completed by a company in purchasing and
paying for merchandise. For each activity, identify whether or not the activity adheres to or
violates sound internal control procedures.
The receiving department compares the quantity received with the quantity printed
on the receiving report when the purchase order was prepared.
O d. Cannot be determined.
O c. Neither strengthens nor violates internal control
O b. Violates sound internal control procedures
O a. Adheres to sound internal control procedures
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