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Which of the following procedures would weaken the control over cash receipts that arrive through the mail? Group of answer choices The cashier should not
Which of the following procedures would weaken the control over cash receipts that arrive through the mail?
Group of answer choices
The cashier should not also be the record keeper who records the amounts received in the accounting records.
After the mail is opened, a list in triplicate of the money received is prepared with a record of the senders name, the amount, and an explanation of why the money is sent.
All of the choices are correct responses.
The bank reconciliation is prepared by a person who does not handle cash or record cash receipts.
For safety, only one person should open the mail and that person should immediately deposit the cash received in the bank.
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