In regards to daily deposits and reconciliations, the deposits should consist of:
A) Intact totals of both cash sales and money received from customers on account.
B) Intact totals from money received from customers, but not cash sales.
C) Intact totals from cash sales, but not money received from customers.
D) A total of all sales and cash receipts, less money used for petty cash.

Question

Quizplus · Accepted Answer

The deposits should consist of intact totals of both cash sales and money received from customers on account. This ensures that all money received is properly recorded and deposited.

In Regards to Daily Deposits and Reconciliations, the Deposits Should