Question

which of the following generally would be considered a good internal control over cash payments? multiple choice require only one signature for larger checks. ensure checks are serially numbered and signed only by authorized employees. the employee who authorizes payment should also be the employee who prepares the check. employees responsible for making cash disbursements should also be in charge of cash receipts.

Explanation:

Internal controls aim to safeguard assets, ensure accuracy of records. Serial - numbered checks signed by authorized employees prevent fraud and ensure accountability. Requiring only one signature for large checks is risky, and combining authorization and check - preparation or cash disbursement and receipt duties violates segregation of duties principle.

Answer:

B. Ensure checks are serially numbered and signed only by authorized employees.