Which of the following controls would be useful in preventing such incidence in future?

Grey Ltd has recently discovered that it has been paying invoices in respect of goods which had been returned as faulty prior to acceptance. It is company policy to record goods only if they have been accepted.

Which of the following controls would be useful in preventing such incidence in future?
A . Matching of purchase invoices with goods received notes
B . Matching of purchase invoices with orders
C . Comparison of supplier statements with payables ledger accounts
D . Date stamping purchase invoices on receipt

View Answer

Answer: A