Which of the following is not a common internal control procedure that would be implemented with regards to cash receipts?
A)Preparing a record of all cash collections immediately upon receipt
B)Providing copies of written receipts to customers
C)Depositing cash receipts in a bank on a timely basis
D)Marking supporting documents Paid when checks are signed

Question

Quizplus · Accepted Answer

Supporting documents should be marked Paid when the check is signed.If the documents are not indelibly marked,they could be retrieved from the files and resubmitted for a duplicate unauthorized payment.

Which of the Following Is Not a Common Internal Control