It is less important to maintain effective internal control over accounts payable as it is to maintain effective internal control over accounts receivable.

Name: It is less important to maintain effective internal control over accounts payable as it is to maintain effective internal control over accounts receivable.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Accounts payable is less susceptible to fraud than accounts receivable because the company has more control over the disbursement of funds than the receipt of funds.

It Is Less Important to Maintain Effective Internal Control Over