Business
Business, 21.11.2019 23:31, revlonknox6

Listed below are 12 internal control procedures or requirements for the expenditure cycle (purchasing, payroll, accounts payable, and cash disbursements) of a manufacturing enterprise. for each of the following, identify the error or misstatement that would be prevented or detected by its use. duties are segregated between the cash payments and cash receipts functionssignature plates are kept under lock and keythe accounting department matches invoices to receiving reports or special authorizations before paymentall checks are mailed by someone other than the person preparing the payment voucherthe accounting department matches invoices to copies of purchase ordersthe blank stock of checks are kept under lock and keyimprest accounts for payroll are usedbank reconciliations are performed by someone other than the one who writes checks and handles casha check protector is used. surprise counts of cash funds are periodically conductedorders are placed with approved vendors onlyall purchases are made by the purchasing department

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Listed below are 12 internal control procedures or requirements for the expenditure cycle (purchasin...

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