question archive Answer the following questions about internal control over cash payments: 1
Answer the following questions about internal control over cash payments: 1
Subject:BusinessPrice: Bought3
Answer the following questions about internal control over cash payments:
1. Payment by check includes three controls over cash. What are they?
2. Suppose a purchasing agent receives the goods that she purchases and also approves payment for those goods. How could a dishonest purchasing agent cheat the company? How do companies avoid this internal control weakness?
