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noname [10]
3 years ago
13

Even if controls are in place, most companies require how man many signatures for checks over a certain dollar amount?

Business
2 answers:
ludmilkaskok [199]3 years ago
4 0

Answer:

Most companies require at least two signatures for checks over a certain amount. This is done to keep a checks and balances system within the company.

Checks are usually prepared by the finance department, and if the only someone inside that department was required to sign the check, then how could management control if the payments were correct or not? That is why an extra signature form someone outside the finance department is required.

FrozenT [24]3 years ago
3 0
Most companies requires at least two signatures for checks over a certain dollar amount.
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8 0
2 years ago
Over the past five years, a company had average annual credit sales of $320,000 and this year had write-offs of $2,000. Credit s
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Answer:

$2,500

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

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7 0
3 years ago
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