Which of the following is NOT considered a control activity over cash receipts?
A) Different individuals approve and make payments.
B) Only designated personnel are authorized to handle cash receipts.
C) Use remittance advices, cash register tapes, and deposit slips.
D) Supervisors count cash receipts daily.

Question

Quizplus · Accepted Answer

Option A refers to a control activity over cash disbursements, not cash receipts. The other options (B, C, and D) are all control activities over cash receipts.

Which of the Following Is NOT Considered a Control Activity