In a firm with proper segregation of duties,adequate supervision is most critical in
A)purchasing
B)receiving
C)accounts payable
D)general ledger

Question

Quizplus · Accepted Answer

In a firm with proper segregation of duties, receiving is a critical department as they are the ones responsible for verifying the goods received and ensuring they match the purchase order. Adequate supervision is required to ensure that the goods received are properly accounted for and discrepancies are resolved in a timely manner. While adequate supervision is also necessary in other departments such as purchasing, accounts payable, and general ledger, it is most critical in receiving.

In a Firm with Proper Segregation of Duties,adequate Supervision Is