The daily cash count of cash register receipts made by department supervisors is an example of
A) documentation procedures.
B) internal independent check of performance.
C) establishment of responsibility.
D) segregation of duties.

Question

Quizplus · Accepted Answer

The daily cash count of cash register receipts made by department supervisors is an example of an internal independent check of performance. This process involves verifying the accuracy and integrity of transactions or performance by an independent party within the organization, which helps in ensuring the reliability of financial reporting and preventing errors or fraud.

The Daily Cash Count of Cash Register Receipts Made by Department