The duties of cashier and accounts?receivable bookkeeper should be separated.
A)There are two cashiers.At the end of a certain day, there is a sizable cash shortage; each cashier blames the other and it is impossible to fix responsibility
B)A cash shortage is covered by overfooting (overadding)cash in transit on the bank reconciliation
C)A cash shortage is covered by charging it to "Miscellaneous General Expenses"
D)Customers who paid their accounts in cash complain that they still receive statements of balances due
E)The accounts?receivable bookkeeper charges off the accounts of friends to "Allowance for Uncollectible Accounts"

Question

Quizplus · Accepted Answer

Separating the duties of cashier and accounts receivable bookkeeper helps prevent situations where cash payments are not properly recorded, leading to customers receiving incorrect statements of balances due.

The Duties of Cashier and Accounts?receivable Bookkeeper Should Be Separated