Question: Which is not a key element of internal control over cash receipts? A) Daily entry in a voucher register B) Daily recording of all cash
Which is not a key element of internal control over cash receipts?
A) Daily entry in a voucher register
B) Daily recording of all cash receipts in the accounting records
C) Daily bank deposits
D) Immediate counting by the person opening the mail or using the cash register
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
