Indicate whether each of the following statements about cash receipts is true or false.
-Giving a written receipt to customers who pay cash is part of a business's internal controls over cash

Question

Quizplus · Accepted Answer

Giving a written receipt to customers who pay cash helps to ensure that all cash received by the business is accurately recorded and accounted for, which is a key aspect of internal controls over cash.

Indicate Whether Each of the Following Statements About Cash Receipts