Which of the following is not a procedure to maintain internal controls over cash payments?
A)A receipt should be provided to each cash customer.
B)Checks should be properly authorized with approval signatures.
C)All checks should be prenumbered.
D)Voided checks should be defaced and retained.

Question

Quizplus · Accepted Answer

Providing a receipt to each cash customer helps to maintain internal controls over cash receipts, rather than cash payments. The other options listed are procedures that help maintain internal controls over cash payments.

Which of the Following Is Not a Procedure to Maintain