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Match the Appropriate Cash Disbursements Procedure Described Below

Question 226

Matching

Match the appropriate cash disbursements procedure described below with the internal control principle.

Premises:
Compare checks to invoices.
Different individuals approve and make payments.
Print check amounts by machine with indelible ink.
Only designated personnel are authorized to sign checks.
Each check must have approved invoice.
Requiring employees to take vacations.
Responses:
Establishment of responsibility
Segregation of duties
Documentation procedures
Physical controls
Independent internal verification
Human resource controls

Correct Answer:

Compare checks to invoices.
Different individuals approve and make payments.
Print check amounts by machine with indelible ink.
Only designated personnel are authorized to sign checks.
Each check must have approved invoice.
Requiring employees to take vacations.
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