Which is not a key element of internal control over cash receipts?
A)daily recording of all cash receipts in the accounting records
B)daily entry in a voucher register
C)immediate counting by the person opening the mail or using the cash register
D)daily deposit intact

Question

Quizplus · Accepted Answer

While daily recording of all cash receipts in the accounting records, immediate counting by the person opening the mail or using the cash register, and daily deposit intact are all key elements of internal control over cash receipts, daily entry in a voucher register is not necessary. A voucher register is typically used for controlling accounts payable and does not relate to cash receipts.

Which Is Not a Key Element of Internal Control Over