It is always good control to have the bookkeeper prepare a list of cash receipts and then have the bookkeeper record it immediately in the accounts.

Name: It is always good control to have the bookkeeper prepare a list of cash receipts and then have the bookkeeper record it immediately in the accounts.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Having the bookkeeper both prepare and record cash receipts can lead to a lack of segregation of duties, increasing the risk of errors or fraud.

It Is Always Good Control to Have the Bookkeeper Prepare