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2 years ago

The procedure that best discourages the resubmission of vendor invoices after they have been paid is

Business

1 answer:

Katena32 [7]2 years ago

4 0

Answer:

The cancellation of vouchers by treasurer personnel

Explanation:

When a business uses vendors for some of its service needs there is the possibility of paying vendors twice for the same service of invoice is submitted twice.

The treasurer is the person that disbursed funds to vendors for services rendered. He is tasked with cross checking if payments are duplicated.

To avoid this it is best to have the treasurer personnel cancel vouchers that have been paid.

This will provide an effective check on duplicate payments.

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The income statement is reconstructed on a cash basis from top to bottom when the ________ method is used to prepare the operati

Elodia [21]

Answer:

Direct method

Explanation:

There are three types of activities in the cash flow statement under the direct method

1. Operating activities: It records those transactions which are related to the cash receipts and cash payments.

Like:

Cash flow from Operating activities

Collections from customers

Less: Cash paid to suppliers and employees

Less: Interest and taxes paid

Net Cash flow from Operating activities

2. Investing activities: It records those activities which include purchase and sale of the long term assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

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3 years ago

Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including exp

Anika [276]

Answer:

Operating activities

Explanation:

The operating activities deal with the purchase and sale of merchandise to the customers plus it also involves the expenditure incurred for day to day operations like - wages and salaries expenses, administrative expenses, selling and other general expenses

By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.

5 0

3 years ago

The amount of the average investment for a proposed investment of $218,000 in a fixed asset with a useful life of four years, st

MissTica

Answer:

$109,000

Explanation:

Average Investment = ( Initial Investment + Residual Value ) ÷ 2

Therefore,

Average Investment = ( $218,000 + $0) ÷ 2

= $109,000

8 0

2 years ago

One of two office clerks in a small company prepares a sales invoice for $4,300; however, the invoice is incorrectly entered by

KIM [24]

Answer: C. Using predetermined totals to control posting routines.

Explanation: A regulation total if developed for the agreement to be posted, then it should be set side by side with total of items posted to personal accounts. Therefore, The most adequate way to avert this kind of error is by applying predetermined totals to control stating the daily cycle.

Therefore, the correct option in this case is (c)

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3 years ago

When a manager deciding how to most fairly identify internal candidates for a promotion she is making a __________.

s2008m [1.1K]

Answer:

A) a moral judgement.

Explanation:

(´･ω･`) hope this helps!

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2 years ago