In a revenue cycle with proper controls,the ________ who reports to the ________,is not involved in any cash handling activities.

Question

Quizplus · Accepted Answer

In a well-controlled revenue cycle, the accounts receivable clerk, who typically reports to the controller, is responsible for recording and managing the amounts owed by customers. This position is deliberately segregated from cash handling activities to prevent any potential for fraud or embezzlement, ensuring that the person who records receivables does not also have access to the cash, thereby strengthening internal controls.

In a Revenue Cycle with Proper Controls,the ________ Who Reports