All of the following are examples of internal controls over cash EXCEPT
A) depositing cash in the bank regularly.
B) ensuring different people are responsible for receiving and depositing cash.
C) ensuring that all cash transactions are recorded on a regular basis.
D) maintaining a separate facility for the storage of perishable inventory.

Question

Quizplus · Accepted Answer

Maintaining a separate facility for the storage of perishable inventory is not related to internal controls over cash. The other options listed all relate to internal controls over cash, such as depositing cash in the bank regularly, ensuring different people are responsible for receiving and depositing cash, and ensuring that all cash transactions are recorded on a regular basis.

All of the Following Are Examples of Internal Controls Over