Match the following terms with the best definitions for questions 212 through 219.
-The practice of not combining physical custody of assets with the function of accounting for those assets.
A)Purchase requisition.
B)Receiving Report.
C)Vendor Invoice.
D)Check.
E)Control procedures.
F)Inventory count.
G)Segregation of duties.
H)Source document control.

Question

Quizplus · Accepted Answer

Segregation of duties is a key control procedure that involves separating the responsibilities of custody of assets from the accounting for those assets to prevent fraud and errors.

Match the Following Terms with the Best Definitions for Questions