Regarding internal control over cash disbursements except

Reference no: EM13515925

The following statements are true regarding internal control over cash disbursements except

    "Specific employees should approve purchase documents for payment."
    "Except for petty cash, all cash disbursements should be made by cheque."
    "Controlling cash disbursements is not as important as controlling cash receipts."
    "Executives should examine payment approvals, and then sign the cheques."

Reference no: EM13515925

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