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Controls over Cash a. Why must each payment be supported by an approved source document
Chapter 15, Problem 3(choose chapter or problem)
QUESTION:
Controls over Cash
a. Why must each payment be supported by an approved source document?
b. List four procedures that a business should use to control its cash payments.
Questions & Answers
QUESTION:
Controls over Cash
a. Why must each payment be supported by an approved source document?
b. List four procedures that a business should use to control its cash payments.
ANSWER:Step 1 of 3
Cash is the part of the current assets of the company, which is used by the company to pay for the expenses incurred or to purchase anything.