Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is the primary goal of inte

Which of the following is the primary goal of internal controls for cash payments? ...

70.2K

Verified Solution

Question

Accounting

Which of the following is the primary goal of internal controls for cash payments?
Multiple Choice
Ensure that the business pays only for properly authorized transactions.
Ensure that the supplier charges only for items received at approved prices.
Make payments only when a purchase is supported by complete voucher documentation.
Confirm that the request for payments is made by someone who is approved to order goods or services of the type and amount requested.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Dynamic equilibrium vs equilibrium. What is the difference between a reaction in dynamic equilibrium and one at...

Biology
Q

What additional or meaningful response do you have on this student's paragraph below about characteristics of...

General Management
Q

Consider the following hypothesis test. H0: ?d ? 0 Ha: ?d > 0 (a) The following data are from matched...

Basic Math
Q

In eukaryotes transcription takes place in the 6 000 nucleus cell membrane ribosomes cytoplasm

Biology
Q

What is the measure of Arc CB 60 B 84 60 90 67

Geometry
Q

A bag of marbles has four red, six green, and five blue marbles. A person...

Basic Math
Q

Find the equilibrium solution of the following equation, make a sketch of the direction field,...

Basic Math
Q

For questions 6 7 8 use I Question 6 C Iz 3i 3 Question 7...

Calculus
Q

Solve the following inequality x 9x 8 0 Select the correct choice below and if...

Algebra
Q

Jeffreys Company reports depreciation expense of $57,000 for Year 2. Also, equipment costing $191,000 was...

Accounting
Q

Which of the following cost estimation methods relies heavily on personal judgment? ...

Accounting
Q

16) On March 1, 2021, Texas Company issued 2,500 shares of its $5 par common...

Accounting