Internal control over a company's assets should include the following policy:
A) Responsibilities and duties of employees will be divided.
B) All cash receipts will be deposited into the bank the same day they arrive.
C) All cash payments will be made by check (except petty cash) .
D) All of these answers are correct.
Correct Answer:
Verified
Q2: Company policy for internal control should include
Q3: Using correct cash handling procedures, deposits should
Q6: When the bank pays a check written
Q8: A full endorsement on a check:
A) is
Q9: One internal control safeguard is to assign
Q10: The check is written and signed by
Q13: A signature card shows the signature of
Q15: A deposit received by the bank will
Q19: A signature card is kept in the
Q19: The person or company to whom a
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