Which of the following is not an internal control activity for cash?
A) Surprise audits of cash on hand should be made occasionally.
B) The number of persons who have access to cash should be limited.
C) The functions of recordkeeping and keeping custody of cash should be combined.
D) All cash receipts should be recorded promptly.

Question

Quizplus · Accepted Answer

The functions of recordkeeping and keeping custody of cash should be separate to minimize the risk of fraud or error.

Which of the Following Is Not an Internal Control Activity