Two individuals at a retail store work the same cash register.You evaluate this situation as
A) a violation of establishment of responsibility.
B) a violation of segregation of duties.
C) supporting the establishment of responsibility.
D) supporting internal independent verification.
Correct Answer:
Verified
Q134: Having different individuals receive cash, record cash
Q135: Cash is defined by IFRS as
A)cash on
Q136: The responsibility for keeping the records for
Q137: The petty cash fund eliminates the need
Q138: To obtain maximum benefit from a bank
Q140: Checks received through the mail should
A)immediately be
Q141: A debit balance in Cash Over and
Q142: A bank statement
A)lets a depositor know the
Q143: A bank reconciliation should be prepared
A)whenever the
Q144: In the month of November, Kinsey Company
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