A basic procedure of internal control over cash receipts is that the deposit of the cash and the recording of the receipts into the journal should be separated.

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This is a basic principle of internal control over cash receipts to prevent fraud and errors. By separating the person who handles the cash from the person who records the transactions, it reduces the risk of theft, loss, or misappropriation of funds. This process also provides an accurate audit trail and helps to detect any discrepancies or irregularities.

A Basic Procedure of Internal Control Over Cash Receipts Is