[Manuelo]

Q) Which of the following is not usually performed in the vouchers payable department?

1. Matching the vendor’s invoice with the related receiving report.

2. Approving vouchers for payment by having an authorized employee sign the vouchers.

3. Indicating the asset and expense accounts be debited.

4. Accounting for unused prenumbered purchase orders and receiving report

Answer: 4

Can someone explain why 4 is the right answer? I thought the “payable department” in this question meant the accounting department. After receiving the voucher package, they may look for any unused prenumbered purchase orders or receiving reports and contact the appropriate departments. But apparently this is not performed. Why not?

[Almost Done]

Go here for a good explanation.

https://www.another71.com/cpa-exam-forum/topic/internal-control-activities

BEC: Passed
REG: Passed
FAR: Passed
AUD: Passed

[Author]

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