Question
Internal controls policies related to cash receipts include all of the following except: Different individuals receive cash, record cash receipts in the journal, and hold
Internal controls policies related to cash receipts include all of the following except:
Different individuals receive cash, record cash receipts in the journal, and hold the cash.
Checks received should be immediately stamped "For Deposit Only."
Cash should be stored in a locked safe and deposited in the bank on a weekly basis.
Only designated personnel should be authorized to handle cash receipts.
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
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