Question

Which of the following is not an independent verification related to cash disbursements?

A. The cash disbursements journal is reconciled to the general ledger.
B. The stock of unused checks should be adequately secured and controlled.
C. The bank statement is reconciled on a monthly basis.
D. The accounts payable subsidiary ledger is reconciled to the general ledger.

Answer 1

Option B, which concerns the security and control of unused check stock, does not relate to independent verification of cash disbursements like the other options do, as it is a control measure.

Step-by-step explanation:

The subject of the question is related to the processes of verification and reconciliation of cash disbursements in accounting. When looking at the provided options, we can assess which one does not relate to independent verification:

• A. The cash disbursements journal is reconciled to the general ledger.
• C. The bank statement is reconciled on a monthly basis.
• D. The accounts payable subsidiary ledger is reconciled to the general ledger.

All of these involve reconciliation, which is a form of independent verification. However, option B, concerning the security and control of unused check stock, does not pertain directly to the process of reconciliation or verification of transaction records. Rather, it is a control measure to prevent unauthorized access or use of checks.