Which of the following is not a control that generally is established over cash receipts?
A. To prevent abstraction of cash, a control listing of cash receipts should be prepared by mailroom personnel.
B. To ensure accuracy of the accounts receivable records, the records should be reconciled monthly to the accounts receivable controlling account.
C. To prevent theft of cash, receipts should be deposited daily.
D. To ensure accurate posting, the accounts receivable clerk should post the customers' receipts from customers' checks.
Answer: D
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What will be an ideal response?
A person may ratify a prior unauthorized act and may later revoke the ratification
a. True b. False Indicate whether the statement is true or false
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Which of the following represents the traditional communication process?
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