Which of the following would not be considered good internal control for cash receipts?
A) Allowing customers to pay with a debit card.
B) Requiring the employee receiving cash from customers to also deposit the cash into the company's bank account.
C) Recording cash receipts as soon as they are recorded.
D) Allowing customers to pay with a credit card.
Correct Answer:
Verified
Q16: The act of collusion refers to:
A)Top management
Q17: Separation of duties refers to:
A)Making each manager
Q18: Which of the following does not represent
Q19: Which of the following is an example
Q20: Which of the following best describes the
Q22: Which of the following would NOT represent
Q23: Which of the following is NOT a
Q24: Having management periodically determine whether the amount
Q25: Checking actual outcome of individuals or processes
Q26: Which of the following is considered cash
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents