Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called
A) accounting controls
B) cash controls
C) FASB controls
D) GAAP controls

Question

Quizplus · Accepted Answer

Procedures designed to protect cash from theft and misuse from the time it is received until it can be deposited in a bank are called cash controls. Accounting controls refer to procedures designed to ensure the accuracy and reliability of financial statements, while FASB and GAAP are not directly related to cash controls.

Procedures Designed to Protect Cash from Theft and Misuse from the Time