After making the deposit, the daily cash summary should be forwarded by the cashier directly to:
A) the chief financial officer.
B) the accounts receivable clerk.
C) general accounting.
D) the cash receipts clerk.

Question

Quizplus · Accepted Answer

The daily cash summary should be forwarded to general accounting to ensure proper recording and reconciliation of cash transactions, maintaining separation of duties and internal controls.

After Making the Deposit, the Daily Cash Summary Should Be