In a real-time processing system with a high number of transactions,the best and most practical control over cash disbursements is to have
A) all checks manually signed by the treasurer
B) all checks signed by check-signing equipment
C) checks over a certain dollar amount manually signed by the treasurer
D) checks over a certain dollar amount manually signed by the cash disbursements clerk
Correct Answer:
Verified
Q44: Goods received are inspected and counted to
A)determine
Q45: In the expenditure cycle,general ledger does not
A)post
Q46: When a cash disbursement in payment of
Q49: In regards to the accounts payable department,which
Q51: Because of time delays between receiving inventory
Q52: Firms can expect that proper use of
Q54: When searching for unrecorded liabilities at the
Q55: Of the following duties,it is most important
Q57: The receiving department is not responsible to
A)inspect
Q59: In a computerized system that uses an
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