Which of the following control procedures provides physical protection for a company's cash asset?
A)Majority of authorized cash disbursements made by check
B)Daily cash receipts deposited intact at bank
C)Voucher system for cash disbursements
D)all of the above

Question

Quizplus · Accepted Answer

All the options listed are control procedures that help in providing physical protection for a company's cash assets. Making authorized cash disbursements by check, depositing daily cash receipts intact at the bank, and using a voucher system for cash disbursements are all practices that safeguard cash from theft, loss, or misuse.

Which of the Following Control Procedures Provides Physical Protection for a Company's