Immediately upon receipt of cash,a responsible employee should
A) record the amount in the cash receipts journal.
B) prepare a listing of remittances.
C) update the subsidiary accounts receivable records.
D) prepare a deposit slip in triplicate.

Question

Quizplus · Accepted Answer

A responsible employee should prepare a listing of remittances to ensure that all cash received is accounted for and can be verified against the deposit slip and accounting records.

Immediately Upon Receipt of Cash,a Responsible Employee Should