stion 24 Which of the following procedures related to cash receipts is correct? A. Mailroom personnel of a company should prepare a control listing of incoming cash receipts and deposit them intact daily B. Lapping of accounts receivable by an employee is not possible when there is adequate segregation of duties with respect to cash disbursements C. If the client's internal control for recording sales returns and allowances is evaluated as effective, a larger sample will be needed to verify cutoff D. Verification of cash and other liquid assets done on the same date may prevent substitution of one form of asset for another. Question 25 The client's physical count of inventories is lower than the inventory quantities in the perpetual records. This could be the result of a failure to record. A Purchases OB. Purchase discounts. C. Sales OD. Sales discounts