Internal control activity

Assignment Help Accounting Basics

Reference no: EM13141671

Which of the following is an internal control activity that could prevent a paid disbursement voucher from being presented for payment a second time?

a. Vouchers should be prepared by individuals who are responsible for signing disbursement checks.

b. Disbursement vouchers should be approved by at least two responsible management officials.

c. The date on a disbursement voucher should be within a few days of the date the voucher is presented for payment.

d. The official who signs the check should compare the check with the voucher and should stamp "PAID" on the voucher documents.

Reference no: EM13141671

Questions Cloud

Find teacher on bus duty will likely be certified in cpr : Cardio-Pulmonary Resuscitation (CPR). In 180 days of school, about how many days can we expect that the teacher on bus duty will likely be certified in CPR?

Informal memo to a co-worker : Construct a informal memo to a co-worker in which you request to set up a meeting time to discuss the details of a project you are working on. You and your co-worker are also friends outside of work and socialize together on occasion.

What changes would you make to the walt disney world resort? : what changes would you make to the Walt Disney World Resort?

Find probability that light bulbs will have an average life : Assume the life of these light bulbs follows a normal distribution. Find the probability that a random sample of 100 light bulbs will have an average life between 1760 and 1775 hours.

Internal control activity : Which of the following is an internal control activity that could prevent a paid disbursement voucher from being presented for payment a second time?

Costing method of inventory : Jaclyn is going to the company's primary bank to negotiate a line of credit and wants to show the maximum amount of income without actually changing last year's results. What costing method of inventory(variable or absorption) should she choose? W..

Explain voltage in complex forms : Voltage in complex forms, An engine consumes 10kw of power and 4kvar reactive power at a current of (6+j4)Amps

The problems of europe : In her speech to the Australia-Israel Chamber of Commerce last year, Julia Gillard contrasted "the problems of Europe" with Australia's "position of strength in the world economy" (Editorial, Feb 2 2012, The Australian).

Nash equilibrium of the game : How much effort do the students exert in the Nash equilibrium of the game introduced by Amalia and what value v for the cake induces the students to exert the efficient effort level?

User Account

All Pages