For strong controls over cash receipts,the cheques to be deposited should be sent to the cashier and the remittance advices should be sent to the accounting department.

Question

Quizplus · Accepted Answer

This is a correct statement. By separating the cheques and remittance advices, the responsibility for handling cash and recording transactions is divided between the cashier and the accounting department, reducing the risk of fraud or errors.

For Strong Controls Over Cash Receipts,the Cheques to Be Deposited