Which one of the following documents is used in the control of cash disbursements?
A) Income Statement
B) Bank deposit slips
C) Receiving reports
D) Cash register tapes

Question

Quizplus · Accepted Answer

Receiving reports are used to document the receipt of goods or services, and are often used to verify invoices before payment is made. They help ensure that cash is being disbursed for valid transactions and that the amount being paid is accurate. Bank deposit slips and cash register tapes are used to track cash receipts, while the income statement provides a summary of a company's financial performance over a specific period of time.

Which One of the Following Documents Is Used in the Control