Opening mail and making a list of checks received once per week is considered a good internal control over cash receipts.

Question

Quizplus · Accepted Answer

Opening mail and making a list of checks received should be performed on a daily basis as a good internal control over cash receipts. Waiting to do it once a week could increase the risk of missing or misplacing checks, leading to potential errors or fraud.

Opening Mail and Making a List of Checks Received Once