Duties in the expenditure cycle should be properly segregated to promote internal control.This means that the authorization function is performed by __________,the recording function is performed by __________,and the cash disbursement function is performed by the __________.

Question

Quizplus · Accepted Answer

In the expenditure cycle, the purchasing department is responsible for the authorization function, the accounts payable department is responsible for the recording function, and the cashier is responsible for the cash disbursement function. Choice B correctly identifies these departments in the order of their respective duties.

Duties in the Expenditure Cycle Should Be Properly Segregated to Promote