Internal controls policies related to cash receipts include all of the following except:
A) Only designated personnel should be authorized to handle cash receipts.
B) Different individuals receive cash, record cash receipts in the journal, and hold the cash.
C) Checks received should be immediately stamped "For Deposit Only."
D) Cash should be stored in a locked safe and deposited in the bank on a weekly basis.
Correct Answer:
Verified
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A)
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