Which Of The Following Procedures Would Weaken Control Over Cash Receipts
101. Which of the following procedures would weaken the control over cash receipts that arrive through the mail? A. After the postal service is opened, a list (in triplicate) of the money received is prepared...
101. Which of the following procedures would weaken the control over cash receipts that arrive through the mail? A.
After the mail is opened, a list (in triplicate) of the money received is prepared with a record of the sender'south name, the amount and an explanation of why the money is sent B. The bank reconciliation is prepared by a person who does not handle cash or record cash receipts C. For safety, only one person should open up the mail and that person should immediately deposit the cash received in the banking company D. The cashier should not also be the record keeper who records the amounts received in the bookkeeping records East. All of the above are good internal command procedures over cash receipts that arrive through the mail service
Dec 07, 2021
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Which Of The Following Procedures Would Weaken Control Over Cash Receipts,
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