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