The reconciliation of the cash register tape with the cash in the register is an example of
A) other controls.
B) independent internal verification.
C) establishment of responsibility.
D) segregation of duties.

Question

Quizplus · Accepted Answer

The reconciliation of the cash register tape with the cash in the register is an example of independent internal verification, which is a control procedure that involves reviewing data prepared by employees. This helps to ensure that the data is accurate and that errors and fraud are prevented or detected in a timely manner. Other controls, establishment of responsibility, and segregation of duties are all important components of internal control, but they do not specifically apply to this situation.

The Reconciliation of the Cash Register Tape with the Cash