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
Q82: Cash may not include:
A)Foreign currency.
B)Money orders.
C)Accounts receivable.
D)Undeposited
Q83: Which of the following would NOT represent
Q84: A customer purchased a $2,000 item at
Q85: When preparing a bank reconciliation,a deposit outstanding
Q85: Which of the following would NOT be
Q87: Which employees have an impact on the
Q88: McGregor Company allows customers to pay with
Q91: Cash transactions recorded by the bank but
Q108: Which of the following would NOT represent
Q111: After preparing the bank reconciliation,an NSF check
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