Horngren's Accounting
Horngren's Accounting
11th Edition
ISBN: 9780133851151
Author: MILLER-NOBLES, Tracie L., Mattison, Brenda., Matsumura, Ella Mae, Horngren, Charles T.
Publisher: Pearson,
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Chapter 8, Problem 6QC
To determine

Payment by check: It is a method of doing the payment for any invoice raised by the vendor, the other method of making the payment is through cash payment, payment through check is a good control feature as it enables a good check and is an important part of internal control.

To determine:

Payment by check is an important internal control over cash payments because

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