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Which of the following are important elements of a cash disbursement control system? Note: Select all that apply. Check All That Apply N erģi All expenditures are authorized before a check is prepared. 2ģ CY ă D Checks are signed only by authorized Individuals. S Unauthorized payments are prevented. The bank-generated deposit slip should be compared with the check listing. The person opening the mall is not the person who maintains the accounting records. Prin

Which of the following are important elements of a cash disbursement control system? Note: Select all that apply. Check All That Apply N erģi All expenditures are authorized before a check is prepared. 2ģ CY ă D Checks are signed only by authorized Individuals. S Unauthorized payments are prevented. The bank-generated deposit slip should be compared with the check listing. The person opening the mall is not the person who maintains the accounting records. Prin

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1QY
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Which of the following are important elements of a cash disbursement control system? Note: Select all that apply. Check All That Apply All expenditures are authorized before a check is prepared. Checks are signed only by authorized Individuals. The bank-generated deposit slip should be compared with the check listing. The person opening the mall is not the person who maintains the accounting records. Unauthorized payments are prevented.
Transcribed Image Text:Which of the following are important elements of a cash disbursement control system? Note: Select all that apply. Check All That Apply All expenditures are authorized before a check is prepared. Checks are signed only by authorized Individuals. The bank-generated deposit slip should be compared with the check listing. The person opening the mall is not the person who maintains the accounting records. Unauthorized payments are prevented.
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