An example of good internal controls over cash payments is the taking of all cash discounts offered.

Name: An example of good internal controls over cash payments is the taking of all cash discounts offered.
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Taking all cash discounts offered is an example of good internal controls over cash payments because it ensures the company is managing its cash outflows efficiently by reducing the amount paid for purchases, thereby saving money and improving cash flow.

An Example of Good Internal Controls Over Cash Payments Is