Solution-What if a cash disbursement was posted to the

What if a cash disbursement was posted to the wrong vendor

Reference no: EM13880245

Describe what is likely to occur if company personnel erroneously recorded a purchase transaction for the wrong vendor? What if a cash disbursement was posted to the wrong vendor? Identify internal controls that would detect or prevent this from occurring.

Reference no: EM13880245

Questions Cloud

Which action gives better chance of finding the grand prize : Now you must decide: Do you stick with your original choice, curtain 3, or switch to curtain 1? Which action gives you the better chance of finding the grand prize?

Estimate the unlevered beta for time warner : 2.It is 1996 (humor me). Time Warner Inc., has a beta of 1.75. Part of the reason for the high beta is the debt left over from the leveraged buyout of Time by Warner in 1989 with debt amounting to $10 billion in 1995. The market value of equity was a..

Start paying dividends in the near future : Alphabet class C stock will start paying dividends in the near future because of all of the cash flow that it generates (coupled with a nearly $70 billion cash balance). When pressed on the issue, Frank made a forecast that Alphabet will start paying..

Select a company with long term bonds outstanding : Select a company with long term bonds outstanding. There are many examples in the textbook. Locate and analyze a current quotation for that bond. Use figure 10.2 in the textbook as a guide. Compare the current price with the par value. Explain at lea..

What if a cash disbursement was posted to the wrong vendor : What if a cash disbursement was posted to the wrong vendor? Identify internal controls that would detect or prevent this from occurring.

Strategy-analysis and evaluation - clif : Based on Strategy-Analysis and Evaluation, first of all I need all the preliminary research work on the company - Clif

Which age group has the worst accident record : An analyst points out that of 57,051 drivers involved in accidents last year, drivers aged 31 to 55 accounted for 24,265 cases, or some 43 percent of the total-a far greater proportion than any other age group. Should one conclude that this age gr..

Which week was his sales more : A shopkeeper sold 56 bulbs out of 80 in the first week ,and 75 out of 100 in the second week. Which week was his sales more?

What are the three standard parts of an edi data : What are the three standard parts of an EDI data transmission?

User Account

All Pages

What if a cash disbursement was posted to the wrong vendor

Reference no: EM13880245

Reference no: EM13880245

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT