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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 14
Immediately upon receipt of cash, a responsible employee should
A) Record the amount in the cash receipts journal.
B) Prepare a remittance listing.
C) Update the subsidiary accounts receivable records.
D) Prepare a deposit slip in triplicate.
A) Record the amount in the cash receipts journal.
B) Prepare a remittance listing.
C) Update the subsidiary accounts receivable records.
D) Prepare a deposit slip in triplicate.
Explanation
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i. Two people should open mail for custo...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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