Which of the following is an internal control procedure relating to cash payments?
A)Completing a bank deposit.
B)The use of cash count sheets.
C)Comparing cash register records with the bank deposit.
D)Using an imprest system.

Question

Quizplus · Accepted Answer

The use of a cash count sheet,completing a bank deposit and comparing cash register receipts with the bank deposit are internal control procedures relating to cash receipts.The voucher system and imprest system are controls for cash payments.The bank reconciliation is a control for both cash receipts and cash payments.

Which of the Following Is an Internal Control Procedure Relating