Which is not a key element of internal control over cash receipts?

Question

Quizplus · Accepted Answer

The key elements of internal control over cash receipts include daily recording of all cash receipts in the accounting records, immediate counting by the person opening the mail or using the cash register, and making daily bank deposits. Daily entry in a voucher register is not specifically related to the control over cash receipts, as it pertains more to the processing of payables or other transactions not directly related to cash receipts.

Which Is Not a Key Element of Internal Control Over