Which of the following is an internal control that will prevent paid cash disbursementdocuments from being presented for payment a second time?(1) The date on cash disbursement documents must be within a few days of the datethat the document is presented for payment.(2) The official signing the check compares the check with the documents and shoulddeface the documents.(3) Unsigned checks are prepared by individuals who are responsible for signing checks.(4) Cash disbursement documents are approved by at least two responsible management officials
Which of the following is an internal control that will prevent paid cash disbursementdocuments from being presented for payment a second time?(1) The date on cash disbursement documents must be within a few days of the datethat the document is presented for payment.(2) The official signing the check compares the check with the documents and shoulddeface the documents.(3) Unsigned checks are prepared by individuals who are responsible for signing checks.(4) Cash disbursement documents are approved by at least two responsible management officials
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is an internal control that will prevent paid cash disbursement
documents from being presented for payment a second time?
(1) The date on cash disbursement documents must be within a few days of the date
that the document is presented for payment.
(2) The official signing the check compares the check with the documents and should
deface the documents.
(3) Unsigned checks are prepared by individuals who are responsible for signing checks.
(4) Cash disbursement documents are approved by at least two responsible management officials
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