The cash disbursement clerk performs all of the following tasks exceptSelect one:a.signs checksb.prepares checksc.reviews the supporting documents for completeness and accuracyd.marks the supporting documents paid

Upon receipt of the____________, the cash disbursements function prepares a single check for the entire amount of the payroll and deposits it in the payroll imprest account.Select one:a.approval of employee supervisorb.time cardsc.voucher packetd.job ticket

A cash disbursement clerk issues a cheque that has been approved by the accounting manager and records all cheques issued in a cheque register. At the end of the month accounting manager reconciles cheque register to bank statement. This is an example of:Question 8AnswerSelect one:a.separating record-keeping from asset custody.b.separating transaction authorisation from reconciliation.c.separating asset custody from transaction authorisation.d.all options are correct.

Control over cash disbursements is generally more effective when: Group of answer choices payments are made by cheque. all bills are paid in cash. all purchases are made on credit. disbursements are made by the accounts payable subsidiary clerk.

hich of the following is an internal control for checks received through the mail?Multiple ChoiceThe cashier prepares a journal entry to record price, quantity sold, and cash received.The accounting department counts the cash, prepares the deposit slip and deposits the cash in the bank.The accounting department compares the cash in the register with the cash count sheet.The mail clerk gives checks and money orders to the person who makes the bank deposit.

Which of the following procedures is most likely to be used to verify the completeness of accounts payable?A) Confirming accounts payable with suppliersB) Reviewing subsequent disbursementsC) Examining supporting documentation for cash disbursementsD) Comparing vendor statements with recorded payables