Which of the following controls would be the least effective in preventing paying the same invoice twice?
A) Only pay from original invoices.
B) Cancel each document in the voucher package once the check is prepared and mailed.
C) Only pay vendor invoices that have been matched and reconciled to a purchase order and a receiving report.
D) Allow only the accounts payable department to authorize payment for vendor invoices and allow only the cash disbursements department to cut and mail checks to vendors.
Correct Answer:
Verified
Q77: A disbursement voucher contains
A)a list of outstanding
Q78: What is one of the best ways
Q79: Comparing quantities on a vendor invoice to
Q80: Which of the following is not a
Q81: When purchasing miscellaneous supplies,companies can reduce costs,improve
Q83: To minimize the number of checks that
Q84: If available,a 1% discount for payment within
Q85: Which of the following is not an
Q86: In the expenditure cycle,Financial Electronic Data Interchange
Q87: If duties are properly segregated,the authorization function
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents