The use of prenumbered cheques is an example of
A) documentation.
B) review and reconciliation.
C) assignment of responsibility.
D) segregation of duties.
Correct Answer:
Verified
Q55: Control over cash disbursements is generally more
Q56: A system of internal control can only
Q57: When two or more people get together
Q58: In large companies, review and reconciliation is
Q59: The independent audit committee of the board
Q61: A cheque written by the company for
Q62: On the April 30 bank reconciliation, a
Q63: A bank statement
A) lets a depositor know
Q64: For which of the following errors should
Q65: Allowing only the treasurer to sign cheques
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents