A company's cash custody function should be separated from the related cash recordkeeping function in order to:
A)Physically safeguard the cash
B)Establish accountability for the cash
C)Prevent the payment of cash disbursements from cash receipts
D)Minimize opportunities for misappropriations of cash
TEST BANK - CHAPTER 3 - MULTIPLE CHOICE

Question

Quizplus · Accepted Answer

Minimize opportunities for misappropriations of cash

A Company's Cash Custody Function Should Be Separated from the Related