Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is not an internal control activity for cash? Unannounced audits of cash on hand should be made occasionally. The number of
Which of the following is not an internal control activity for cash?
Unannounced audits of cash on hand should be made occasionally. | |
The number of persons who have access to cash should be limited. |
The functions of recordkeeping and keeping custody of cash should be combined. | |
All cash receipts should be recorded promptly. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started