For effective internal control purposes, the vouchers payable department generally should:
a. Stamp, perforate, or otherwise cancel supporting documentation after payment is mailed.
b. Ascertain that each requisition is approved as to price, quantity and quality by an authorized employee.
c. Obliterate the quantity ordered on the receiving department copy of the purchase order.
d. Establish the agreement of the vendor's invoice with the receiving report and purchase order.
Explanation
Choice “d” is correct. For effective internal control purposes, the vouchers payable department generally
should establish the agreement of the vendor's invoice with the receiving report and purchase order.
What the heck is a voucher's payable department. In fact what is a voucher.
Does anyone have tips regarding the responsibilities of the treasurer and anything to do with payrolls, and vouchers. I always get those questions wrong. I just have no idea what they do in terms of a business entity.
Also, why is this answer right. How can I think of it more intuitively.
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