Upon receipt of customer cheques in the mailroom,a responsible employee should prepare a remittance listing and forward it to the cashier.A copy of the listing should be sent to the ________.

Question

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The accounts receivable bookkeeper should receive a copy of the remittance listing to update the subsidiary accounts receivable records. This allows for accurate recording and tracking of customer payments, which is part of the accounts receivable process. The internal auditor would not be involved at this stage unless there were unusual transactions noted later on. The controller would compare the listing with the monthly bank statement, but that would happen later on in the process after the cashier has made the deposits. The entity's bank would not be the one receiving a copy of the listing but would compare it with the cashier's deposit slip later on.

Upon Receipt of Customer Cheques in the Mailroom,a Responsible Employee