When would control over cash disbursements generally be more effective?Select answer from the options belowwhen payments are made by chequewhen all bills are paid in cashwhen all purchases are made on creditwhen one clerk maintains records and disburses cashSave for LaterSubmit Answer

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.

Which of the following is not a universal rule for achieving control over cash?Select one:a.Separate the cash-handling and record-keeping functions.b.Decentralize the receiving of cash as much as possible.c.Deposit each day’s cash receipts by the end of the day.d.Have bank reconciliation’s performed by employees who do not handle cash.

To maintain control of cash payments, all payments should be made by check exceptMultiple choice question.large payments made by petty cashemployee paychecks made by cashsmall payments made by petty cashpurchases of equipment made by cash

Which of these is an important internal control over cash payments?Question 3Answera.stamping invoices PAIDb.paying creditors dailyc.using a cash register for all paymentsd.not making any payments out of petty cash

Which of the following is a suggested procedure to establish internal control over cash disbursements?Select answer from the options belowApproval and payment should be made by a single individual only.Any employee should be able to sign the cheques.Blank cheques should be stored with limited access.The bank statement should be reconciled annually.