of the following demonstrates internal control over cash receipts?
A) A mailroom employee deposits all customer checks at the bank.
B) A mailroom employee sends remittance advices to the treasurer.
C) A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit.
D) All of the above demonstrate internal control over cash receipts.

Question

Quizplus · Accepted Answer

Option C demonstrates internal control over cash receipts by separating the duties between receiving checks (mailroom employee) and depositing them (treasurer and cashier), which helps prevent theft or mismanagement of funds.

Of the Following Demonstrates Internal Control Over Cash Receipts