Which of the following is NOT an internal control activity forcash? a.The number of persons who have access to cash should belimited. b.Bank accounts should
Which of the following is NOT an internal control activity forcash?
a.The number of persons who have access to cash should belimited.
b.Bank accounts should be reconciled at least monthly.
c.The functions of cash record keeping and cash custody shouldbe combined.
d.All cash receipts should be correctly documented according tothe amount and reason.
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Answer B Bank accounts should be reconciled at least monthly Explanation Bank accounts ...
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Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
