Upon receipt of customers' checks in the mailroom, a responsible employee should prepare a control listing. A copy of the listing should be sent to the:
A)internal auditor to investigate the listing for unusual transactions.
B)treasurer to compare the listing with the monthly bank statement.
C)accounts receivable bookkeeper to update the subsidiary accounts receivable records.
D)entity's bank to compare the listing with the deposit slip.

Question

Quizplus · Accepted Answer

The accounts receivable bookkeeper should update the subsidiary accounts receivable records with the control listing to ensure that customer payments are accurately recorded and applied to the correct customer accounts. This process helps in maintaining accurate financial records and managing the accounts receivable effectively.

Upon Receipt of Customers' Checks in the Mailroom, a Responsible