Which of the following is the last step in the daily control over cash receipts by mail?
A) A mailroom employee sends all customer checks to the treasurer who has the cashier make
the bank deposit.
B) The controller opens the mail and sends the remittance advices to the accounting department.
C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to Cash from the accounting department.
D) The accounting department prepares journal entries to cash and the customers accounts.
C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to Cash from the accounting department.
You might also like to view...
Process controls are controls over the logic of the application
Indicate whether the statement is true or false
Bonds payable to whoever holds them are called ________ bonds.
Fill in the blank(s) with the appropriate word(s).
The secondary effects of a technology:
a. have less social impacts than the primary effects. b. are the unanticipated social effects. c. are the hidden resource costs of the technology. d. are relatively easy to predict in advance.
Which of the following roles acts as the secretary or minute-keeper?
A) information seeker B) opinion giver C) orienteer D) recorder