Which of the following is the last step in the daily control over cash receipts by mail?
A)A mail room employee sends all customer cheques to the treasurer who has the cashier make the bank deposit.
B)A mail room clerk opens the mail and sends the remittance advices to the accounting department.
C)The controller compares the records of the day's bank deposit amount from the treasurer and the debit to cash from the accounting department.
D)The accounting department prepares journal entries to cash and the customers' accounts.

Question

Quizplus · Accepted Answer

The last step in the daily control over cash receipts by mail involves the controller comparing the records of the day's bank deposit amount from the treasurer with the debit to cash from the accounting department. This ensures that the amounts recorded by different departments match, confirming the accuracy and integrity of the cash handling process.

Which of the Following Is the Last Step in the Daily