For each of the following cash activities,choose the appropriate letter to match the activity with the internal control principle to which it relates.Each internal control principle may be used more than once.
Activity
1.____ A password is required to open up the cash register
2.____ The treasurer is the person who is approved to sign checks
3.____ A list of checks received in the mail is prepared
4.____ A bank reconciliation is prepared each month
5.____ The treasurer is not permitted to make bank deposits
6.____ Checks are pre-numbered.
7.____ Cashiers cannot approve price changes.
8.____ Unused checks are kept in the vault.
Internal Control Principle
A.Establish responsibility
B.Segregate duties
C.Restrict access
D.Document procedures
E.Independently verify

Question

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The Answer of For each of the following cash activities,choose the appropriate letter to match the activity with the internal control principle to which it relates.Each internal control principle may be used more than once.
Activity
1.____ A password is required to open up the cash register
2.____ The treasurer is the person who is approved to sign checks
3.____ A list of checks received in the mail is prepared
4.____ A bank reconciliation is prepared each month
5.____ The treasurer is not permitted to make bank deposits
6.____ Checks are pre-numbered.
7.____ Cashiers cannot approve price changes.
8.____ Unused checks are kept in the vault.
Internal Control Principle
A.Establish responsibility
B.Segregate duties
C.Restrict access
D.Document procedures
E.Independently verify

For Each of the Following Cash Activities,choose the Appropriate Letter