With regard to customer checks received by mail,which statement is TRUE?
A)The Debit to Cash by the Accounting Department should equal the amount deposited in the bank by the mailroom employee.
B)The customers' Accounts Receivable accounts should be adjusted by the Treasury Department for the payments received.
C)The controller compares the customers' checks to the remittance advices sent from the mailroom.
D)The Accounting Department handles the bookkeeping part and the cashier in the Treasurer's Department deposits the checks in the bank.

Question

Quizplus · Accepted Answer

The Accounting Department is responsible for recording transactions, while the Treasurer's Department, specifically the cashier, is responsible for depositing checks in the bank. This separation of duties helps prevent fraud and errors.

With Regard to Customer Checks Received by Mail,which Statement Is