A good system of internal control for cash provides adequate procedures for protecting both cash receipts and
Question:
a. A basic guideline for safeguarding cash is that all cash receipts be deposited weekly or monthly.
b. A voucher system of control is a control system exclusively for cash receipts.
c. A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those who keep cash records.
d. A petty cash system is not a control procedure for safeguarding cash.
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