Which of the following is not an appropriate internal control for cash receipts over the counter?
A)A receipt is issued for each transaction to ensure that each sale is recorded.
B)The store clerk deposits the cash in the bank.
C)At the end of the day,the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales.
D)The cash draw opens after the store clerk enters a transaction.

Question

Quizplus · Accepted Answer

While the store clerk should certainly deposit the cash in the bank, this is not an effective internal control for cash receipts over the counter. An effective internal control would be to have the manager or another employee verify the cash deposit to ensure accuracy and prevent theft. The other options listed are all appropriate internal controls for cash receipts over the counter.

Which of the Following Is Not an Appropriate Internal Control