The use of pre-numbered cheques is an example of:

The use of pre-numbered cheques is an example of: segregation of duties Correct answer documentation procedures establishment of responsibility You Answered independent internal verification

Allowing only the financial controller to sign cheques is an example of: Group of answer choices separation of duties. establishment of responsibility. other controls. documentation procedures.

Select all that applyWhich of the following are internal controls for checks?Multiple select question.The person who handles cash receipts should also handle writing checks for purchases.Checks should be sequentially prenumbered.Checks for large amounts should require two signatures.The employee who writes the check should reconcile the bank statement.

A cash prelist isSelect one:a.none of the mentioned choicesb.a document that records sales returns and allowancesc.a document returned by customers with their paymentsd.the source of information used to prepare monthly statements

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.