Question: Internal control procedures tor cash receipts do not require that: Multiple Choice Handling of cash is kept separate from its recordkeeping. All cash collections for
Internal control procedures tor cash receipts do not require that:
Multiple Choice
Handling of cash is kept separate from its recordkeeping.
All cash collections for sales are received immediately upon making the sales.
Clerks having access to cash in a cash register should not have access to the register tape or file.
An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
