Which of the following would be a necessary control to avoid an invoice being paid twice?
A)Segregating the duties of approving invoices and signing cheques.
B)Invoice stamped paid when the cheque is issued.
C)Making payments by cheque.
D)Periodic bank reconciliations.

Question

Quizplus · Accepted Answer

Stamping an invoice as "paid" when the cheque is issued helps ensure that the same invoice is not processed and paid again, thus preventing duplicate payments.

Which of the Following Would Be a Necessary Control to Avoid