With a limited work force and a desire to maintain strong internal control, which combination of duties would result in the lowest risk exposure?
A) Updating the inventory subsidiary ledgers and recording purchases in the purchases journal.
B) Approving a sales return on a customer's account and depositing customers' checks in the bank.
C) Updating the general ledger and working in the inventory warehouse.
D) Entering payments to vendors in the cash disbursements journal and entering cash received from customers in the cash receipts journal.
Answer: D
You might also like to view...
_____ is a motivational system of individual performance improvement.
A) Performance appraisal B) Performance management C) Critical incidents D) Frame of reference
For firms following a cost leadership approach, the operations management function must be able to create goods or services that are clearly different from those of the company's competitors
Indicate whether the statement is true or false