An employee authorized to sign cheques should NOT record
A) owner cash contributions.
B) mail receipts.
C) cash payment transactions.
D) sales transactions.

Question

Quizplus · Accepted Answer

An employee authorized to sign cheques should not record cash payment transactions to maintain separation of duties and reduce the risk of fraud. This principle ensures that no single individual has control over all aspects of a financial transaction, thereby increasing checks and balances within the organization.

An Employee Authorized to Sign Cheques Should NOT Record