The best reason for separating the cash-receiving function from the related record-keeping function is to:
A) Segregate cash payments from cash receipts.
B) Provide accountability for cash received.
C) Minimize misappropriations in cash receipts.
D) Improve physical security over the cash-receiving function.

Question

Quizplus · Accepted Answer

Separating cash-receiving from record-keeping minimizes the risk of misappropriation by ensuring that no single individual has control over both receiving and recording cash, thus providing a check against fraud.

The Best Reason for Separating the Cash-Receiving Function from the Related