Internal control is strengthened by a policy of making payments by check,from cash receipts,or from a petty cash fund.

Name: Internal control is strengthened by a policy of making payments by check,from cash receipts,or from a petty cash fund.
Brand: Quizplus
Rating: 5.0 (27 reviews)

Question

Quizplus · Accepted Answer

A policy of making payments by check strengthens internal control, but making payments from cash receipts or a petty cash fund can weaken it due to less traceability and oversight.

Internal Control Is Strengthened by a Policy of Making Payments