Which of the following is not a reason why it is especially important for companies to have internal controls over cash?
A) Most businesses accept remote sources of payment on account.
B) The volume of cash transactions is enormous.
C) Cash is portable.
D) There is a high risk of theft of cash.

Question

Quizplus · Accepted Answer

Although accepting remote sources of payment on account is a common practice in modern business, this is not a reason why it is especially important for companies to have internal controls over cash. The other options are valid reasons that highlight the importance of internal controls over cash.

Which of the Following Is Not a Reason Why It