Which one of the following documents is used in the control of cash receipts?
A) Purchase requisitions
B) Receiving reports
C) Canceled checks from customers
D) Bank deposit slips

Question

Quizplus · Accepted Answer

Bank deposit slips are used to record cash receipts and are an important document in the control of cash receipts. Purchase requisitions and receiving reports are used for tracking and controlling inventory. Canceled checks from customers are not related to the control of cash receipts, but rather to the control of accounts receivable.

Which One of the Following Documents Is Used in the Control