The prelisting of cash receipts should be prepared by the individual who has primary responsibility for the recording of cash receipts.

Name: The prelisting of cash receipts should be prepared by the individual who has primary responsibility for the recording of cash receipts.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The prelisting of cash receipts should be prepared by someone independent of the recording process to ensure separation of duties and reduce the risk of theft or fraud.

The Prelisting of Cash Receipts Should Be Prepared by the Individual