Intermediate 2

Another critical control in the revenue cycle is the preparation of the initial check listing when cash payments are received from customers. For proper segregation of duties, which department should prepare this listing? (2 paine) Describe the primary operational objective of the initial check listing. (2 points) C. Explain why it is critical that the person responsible for preparing the initial check listing not be the person who prepares and deposits the checks in the bank. (2 points) Explain why it is critical that the account receivable cler Not be the individual who receives the checks and prepares the initial check listing. (2 points) Page 2) Receives the initial check listing immed prepared. (2 points