Customer payments received via mail should:
A) be held in the mail room until someone from the receivable s department retrieves them.
B) be signed by the CFO or treasurer.
C) be opened by mailroom staff, bundled and then sent the inter office mail to the receivables department.
D) be immediately endorsed restrictively "for deposit only" to the company's account.

Question

Quizplus · Accepted Answer

Customer payments received via mail should be immediately endorsed restrictively "for deposit only" to the company's account to prevent any potential fraud or theft by mailroom staff. Holding them in the mailroom or having them signed by high-level executives introduces unnecessary delays and risks. Bundling them for interoffice mail also poses a risk of loss or theft.

Customer Payments Received Via Mail Should