Which of the following should be performed by the persons opening the mail and recording payments?
A) Adding a restrictive endorsement on all checks.
B) Entering payment information into customer accounts.
C) Preparing the deposit slip and the delivery of the checks to the bank.
D) Segregating all payments made on accounts listed as past due.

Question

Quizplus · Accepted Answer

Adding a restrictive endorsement on all checks ensures that the checks can only be deposited into the intended account, reducing the risk of fraud or misappropriation.

Which of the Following Should Be Performed by the Persons