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1 All cash is deposited intact, in the bank account, daily. BothCash PaymentsCash Receipts 2 Blank cheques are stored in a safe in the controllers
1 | All cash is deposited intact, in the bank account, daily. | BothCash PaymentsCash Receipts | ||
2 | Blank cheques are stored in a safe in the controllers office. | Cash PaymentsBothCash Receipts | ||
3 | All cashiers are bonded. | Cash ReceiptsCash PaymentsBoth | ||
4 | All over-the-counter receipts are recorded on cash registers. | BothCash PaymentsCash Receipts | ||
5 | All payments, except for petty cash transactions, are made by cheque. | BothCash ReceiptsCash Payments | ||
6 | Cheque signers are not allowed to record cash payment transactions. | BothCash ReceiptsCash Payments | ||
7 | Company cheques are pre-numbered. | BothCash ReceiptsCash Payments | ||
8 | Daily cash counts are made by cashier department supervisors. | Cash ReceiptsCash PaymentsBoth | ||
9 | Only cashiers may operate cash registers. | Cash PaymentsCash ReceiptsBoth | ||
10 | Only the controller or assistant controller may sign cheques. | Cash ReceiptsBothCash Payments | ||
11 | The bank statement is reconciled monthly by an internal auditor. | BothCash ReceiptsCash Payments | ||
12 | The duties of receiving cash, recording cash, and maintaining custody of cash are assigned to different individuals. | Cash ReceiptsBothCash Payments |
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