Which one of the following is not an important control associated with cash? a. All cash expenditures
Question:
a. All cash expenditures must be made with pre-numbered checks.
b. The cash balance must never fall below the sum of inventory and accounts receivable.
c. All cash receipts must be deposited daily.
d. The handling of cash must be separated from the recording of cash.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted: