Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded.
B) The store clerk deposits the cash in the bank.
C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales.
D) The cash draw opens after the store clerk enters a transaction.

Question

Quizplus · Accepted Answer

While it is important for the cash to be deposited in the bank, it does not qualify as an internal control for cash receipts over the counter. The other options listed do serve as appropriate internal controls for cash receipts over the counter: issuing a receipt for each transaction to ensure accuracy, proving cash by comparing the amount in the drawer to recorded sales, and limiting access to the cash drawer.

Which of the Following Is NOT an Appropriate Internal Control