A turnaround document that is used to enhance internal control and promote the accuracy of incoming cash receipts is the
A) journal voucher.
B) remittance advice.
C) bank deposit slip.
D) remittance list.

Question

Quizplus · Accepted Answer

Remittance advice is a document sent by a customer to a seller, informing the seller that an invoice has been paid. It enhances internal control and promotes the accuracy of incoming cash receipts by providing a direct link between the payment received and the invoice it settles.

A Turnaround Document That Is Used to Enhance Internal Control