Immediately upon receipt of cash, a responsible employee should a. Record the amount in the cash receipts

Question:

Immediately upon receipt of cash, a responsible employee should
a. Record the amount in the cash receipts journal.
b. Prepare a remittance listing.
c. Update the subsidiary records.
d. Prepare a deposit slip in triplicate.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...