Question 26

Checks received through the mail should

		immediately be endorsed "For Deposit Only."
		be sent to the accounts receivable subsidiary ledger clerk for immediate posting to the customer's account.
		be cashed at the bank as soon as possible.
		be "rung up" on a cash register immediately.

3 points

Question 27

The use of remittance advices for mail receipts is an example of

		documentation procedures.
		other controls.
		physical controls.
		independent internal verification.