Saturday, October 10, 2020

When accounting for employee purchases, effective internal controls could include which of the following?

When accounting for employee purchases, effective internal controls could include which of the following?


A) Credit card receipts are reconciled to credit card statements.

B) Employees should be required to provide receipts and justification for those receipts on a timely basis.

C) A separate employee reviews receipts and supporting documents to ensure all expenditures are made appropriately.

D) All of the other answers represent effective internal controls.


Answer: All of the other answers represent effective internal controls.

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