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.

Question

Quizplus · Accepted Answer

Requiring the employee receiving cash from customers to also deposit the cash into the company's bank account is not considered good internal control because it does not separate duties. Separation of duties is a key principle of internal control that helps to prevent fraud and errors by not allowing the same person to handle both the receipt and deposit of cash.

Which of the Following Would Not Be Considered Good Internal