Upon receipt of customers' checks in the mailroom, a responsible employee should prepare a listing of remittances that is forwarded to the cashier. A copy of the listing should be sent to the
A) Internal auditor to investigate the listing for unusual transactions.
B) Treasurer to compare the listing with the monthly bank statement.
C) Accounts receivable bookkeeper to update the subsidiary accounts receivable records.
D) Entity's bank to compare the listing with the cashier's deposit slip.

Question

Quizplus · Accepted Answer

The accounts receivable bookkeeper should receive a copy of the listing in order to update the subsidiary accounts receivable records, ensuring that customer accounts are accurately credited with their payments. The internal auditor would not typically be involved at this stage unless there was reason to suspect fraud, and the treasurer and entity's bank would not need this information until later stages of the cash receipts process.

Upon Receipt of Customers' Checks in the Mailroom, a Responsible