Which of the following control activities is not usually performed in the accounts payable department?

A. Matching the receiving report with the purchase order.
B. Controlling the mailing of the check and remittance advice.
C. Having an authorized person approve the voucher.
D. Determining the mathematical accuracy of the vendor's invoice.


Answer: B

Business

You might also like to view...

Which of the following is a sanction imposed on states that don't implement approved plans for the reduction in air pollution?

A) increase in tax for personal property B) reduction in public school funding C) loss of federal highway funds D) implementation of monthly fines based on pollution levels

Business

Being a skilled business communicator requires skill in both writing and speaking

Indicate whether the statement is true or false

Business

A promissory note is an instrument that involves three parties in three capacities

a. True b. False Indicate whether the statement is true or false

Business

You just graduated and landed your first job in your new career

You remember that your favorite finance professor told you to begin the painless job of saving for retirement as soon as possible, so you decided to put away $2,000 at the end of each year in a Roth IRA. Your expected annual rate of return on the IRA is 7.5%. How much will you accumulate at retirement after 40 years of investing? (Note: this may assume that you are even retiring early.) A) $454,513 B) $94,426 C) $247,921 D) $1,088,632

Business