Which of the following is not an internal control activity for cash? A)All payments should be made with currency, not checks. B)Banking facilities should be used as much as possible. C)The amount of cash on hand should be kept to a minimum. D)Employees who have access to cash should be bonded.

Question

Quizplus · Accepted Answer

Using currency instead of checks is not an internal control activity; checks provide a paper trail and are safer for transactions.

Which of the Following Is not an Internal Control Activity