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
a) accounts payable; purchasing; cashier.
b) purchasing; accounts payable; cashier.
c) purchasing; cashier; accounts payable.
d) purchasing; accounts payable; treasurer.
what is the bestcontrol to mitigate the threat of paying prices that are too high for goods ordered?

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work