Upon receipt of customers checks in the mail room, a responsible employee should prepare a remittance list

Question:

Upon receipt of customers’ checks in the mail room, a responsible employee should prepare a remittance list that is forwarded to the cashier. A copy of the list should be sent to the
a. Internal auditor to investigate the list for unusual transactions.
b. Treasurer to compare the list with the monthly bank statement.
c. bookkeeper to update the subsidiary records.
d. Entity’s bank to compare the list with the cashier’s deposit slip.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...