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 is responsible for updating the subsidiary accounts receivable records with the remittance information, which requires the listing of remittances forwarded by the mailroom employee. Choices A and B are not necessary at this point in the process, as they pertain to later stages of the cash receipts process. Choice D would not provide any value in updating the accounts receivable records.

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