Question

Question 29 (1 point) For good internal control of purchases, businesses should do all of the following except: Computations on the invoice should be checked for accuracy. Another person other than the person requesting the purchase should write the check for the payment of the invoice. Goods should be carefully checked when received. Ensure that the same person is involved in the process of buying, receiving and paying for the goods.

          Question 29 (1 point)
For good internal control of purchases, businesses should do all of the following except:

Computations on the invoice should be checked for accuracy.
Another person other than the person requesting the purchase should write the check for the payment of the invoice.
Goods should be carefully checked when received.
Ensure that the same person is involved in the process of buying, receiving and paying for the goods.

Question 29 (1 point)
For good internal control of purchases, businesses should do all of the following except:

Computations on the invoice should be checked for accuracy.
Another person other than the person requesting the purchase should write the check for the payment of the invoice.
Goods should be carefully checked when received.
Ensure that the same person is involved in the process of buying, receiving and paying for the goods.

Added by John D.

Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon… 1st Edition

Chapter 8

Instant Answer

Solved by Expert Jennifer Stoner

03/28/2024

Step 1

Checking computations on the invoice for accuracy: This is a good internal control measure as it ensures that the business is not overpaying or underpaying for the goods or services purchased. Show more…

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