Only one copy of the list of cash received should be prepared when an employee opens mail with customer payments to avoid complexity in the accounting system and maintain control.

Question

Quizplus · Accepted Answer

It is important to have a duplicate or triplicate copy of the list of cash received to maintain proper record keeping and control. This allows for reconciliation of payments received and ensures that all payments are accurately recorded in the accounting system.

Only One Copy of the List of Cash Received Should