Control over cash disbursements is generally more effective when

A) all bills are paid in cash.
B) disbursements are made by the accounts payable subsidiary clerk.
C) payments are made by cheque or electronic funds transfer.
D) all purchases are made on credit.

Electronic Funds Transfer

The digital transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.