Which of the following documents is used to permit the immediate deposit of cash and to improve the control over the custody of assets?
A) cash receipts journal
B) credit note
C) remittance advice
D) sales invoice

Question

Quizplus · Accepted Answer

Remittance advice is a document sent by a customer to a seller, informing the seller that an invoice has been paid. It often accompanies a payment for a bill or invoice and helps improve control over the custody of assets by providing a record of the payment, including for immediate cash deposits.

Which of the Following Documents Is Used to Permit the Immediate