For good internal control:
A)the purchasing agent should also receive the goods.
B)the purchasing agent should also approve the invoice for payment.
C)the purchasing agent should not receive the goods or approve the invoice for payment.
D)the purchasing agent should not order the goods.

Question

Quizplus · Accepted Answer

Good internal control requires segregation of duties, which means that one person should not have control over all aspects of a transaction. In this case, the purchasing agent should be responsible for ordering the goods but should not receive them or approve the invoice for payment. This ensures that different people are responsible for each stage of the transaction and reduces the risk of fraud or errors.

For Good Internal Control