The use of remittance advices for mail receipts is an example of
A) documentation procedures.
B) other controls.
C) physical controls.
D) independent internal verification.
Correct Answer:
Verified
Q64: Checks received through the mail should
A) immediately
Q65: Proper control for over-the-counter cash receipts includes
A)
Q66: Allowing only designated personnel to handle cash
Q67: Allowing only the treasurer to sign checks
Q68: Physical controls to safeguard assets do not
Q70: Maximum benefit from independent internal verification is
Q71: If employees are bonded
A) it means that
Q72: Postage stamps on hand are considered to
Q73: Computer facilities with pass key access or
Q74: Blank checks
A) should be safeguarded.
B) should be
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