ACC 564 TUTOR Start With a Dream / ACC 564 TUTOR Start With a Dream / - Page 8

Which of the following documents would normally trigger the process to record a customer payment? Question 10 A type of business document in which part of the original document is returned to the source for further processing is called a ________ document. Question 11 Duties in the expenditure cycle should be properly segregated to promote internal control. This means that the authorization function is performed by ________, the recording function is performed by ________, and cash handling is performed by the ________. Question 12 Procurement cards differ from corporate credit cards in which of the following ways? Question 13 What control should be put in place that assigns responsibility for EFT payments made to vendors? Question 14 Economic Order Quantity (EOQ) includes several variables that must be taken into consideration when calculating the optimal order size. One variable, the costs associated with holding inventory, is referred to as Question 15