Which of the following procedures, by itself, is most effective at preventing employees from stealing cash? a.
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Which of the following procedures, by itself, is most effective at preventing employees from stealing cash?
a. Restrictively endorsing all checks from customers upon receipt
b. Having someone who has no access to cash reconcile the bank accounts
c. Sending monthly statements to customers
d. Using lockboxes for customer remittances
e. Creating invoices so that the bottom portion is to be returned as a remittance advice
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Related Book For
Accounting Information Systems
ISBN: 9781292220086
14th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
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