In the cash receipts process, what must take place directly after preparing the cash receipts journal?
A)A deposit should be prepared and all cash and checks received should be deposited.
B)The cash receipt should be matched with the original sales invoice.
C)Both answers are correct
D)Neither answer is correct

Question

Quizplus · Accepted Answer

After preparing the cash receipts journal, both preparing a deposit of all cash and checks received and matching the cash receipt with the original sales invoice are important steps to ensure accuracy and completeness in the cash receipts process.

In the Cash Receipts Process, What Must Take Place Directly