The most important factor in preventing cash larceny from the deposit is:

Question

Quizplus · Accepted Answer

Separating the duties of the deposit function is the most important factor in preventing cash larceny from the deposit. By separating the duties, one employee is responsible for receiving the cash and preparing the deposit slip, while another employee is responsible for delivering the deposit to the bank. This ensures that no single employee has access to both the cash and the deposit, reducing the opportunity for theft. Having a visible management presence in the mailroom can also deter theft, but it is not as effective as separating the duties of the deposit function. Having two employees deliver the deposit to the bank does not address the issue of separating the duties and may not be feasible for smaller businesses with limited staff.

The Most Important Factor in Preventing Cash Larceny from the Deposit