Which of the following is an accurate statement regarding cash receipts over the counter?
A) The point-of-sale terminal electronically transmits a record of the sale to the store's main computer.
B) Employees should take the deposit to the bank.
C) The cashier should reconcile the electronic record of the sales per the terminal to the record of cash received.
D) Point-of-sale terminals cannot assist in inventory control.

Question

Quizplus · Accepted Answer

When a sale is made over the counter, the point-of-sale terminal electronically records and transmits the sale to the store's main computer. This allows for accurate tracking of sales and inventory. B is incorrect as the employees should bring the deposit to the store's internal accounting department, not necessarily the bank. C is accurate as the cashier should reconcile the electronic record of the sale per the terminal with the record of cash received to ensure accuracy. D is incorrect as point-of-sale terminals can also assist in inventory control by tracking sales and reducing inventory levels as items are sold.

Which of the Following Is an Accurate Statement Regarding Cash