All of the following documents are necessary in the cash receipts process except:
A)Remittance advice
B)Accounts payable subsidiary ledger
C)Sales invoice
D)Deposit slip

Question

Quizplus · Accepted Answer

Accounts payable subsidiary ledger is not necessary in the cash receipts process. The other three documents listed are necessary for the cash receipts process. The remittance advice confirms the amount paid by the customer, the sales invoice details the products or services sold and their prices, and the deposit slip records the amount of cash and checks being deposited.

All of the Following Documents Are Necessary in the Cash