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

Question

Quizplus · Accepted Answer

This statement is true. By having checks sent directly to the treasurer and remittance advices sent to the accounting department, there is a clear separation of duties and a stronger control over the cash receipts process.

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