FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please answer multichoice question in photo

The control procedure of cancelling the documents in a voucher package (invoices and goods receipt documents) is designed to reduce the risk of: Making duplicate payments. Failure to take advantage of discounts for prompt payment. Paying for items not received. Fraudulent cash disbursements.
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Transcribed Image Text:The control procedure of cancelling the documents in a voucher package (invoices and goods receipt documents) is designed to reduce the risk of: Making duplicate payments. Failure to take advantage of discounts for prompt payment. Paying for items not received. Fraudulent cash disbursements.
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