Question
9. Lapping schemes require constant manipulation of the accounts receivable in order to avoid detection. MULTIPLE CHOICE True or false 13. True of false? Checks
9. Lapping schemes require constant manipulation of the accounts receivable in order to avoid detection.
MULTIPLE CHOICE
True or false
13. True of false? Checks are likely to be stolen if a single employee is in charge of opening the mail and preparing the deposit.
MULTIPLE CHOICE
True or false
14. Which of the following is the most effective control to prevent accounts receivable skimming?
MULTIPLE CHOICE
a. Prepare a bank reconciliation. | ||
b. Provide the customer a receipt. | ||
c. Separate the functions of the person handling the cash and the person keeping the books. | ||
d. Safeguard blank checks.
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