internal Control of Cash Payments Abbe Co. is a smallmerchandising company with a manual accounting system. Aninvestigation revealed that in spite of a sufficient bank balance,a significant amount of available cash discounts had been lostbecause of failure to make timely payments. In addition, it wasdiscovered that the invoices for several purchases had been paidtwice. Indicate whether the procedures listed below for the paymentof vendors' invoices would reduce the possibility of losingavailable cash discounts and of paying an invoice a secondtime.
