With regard to customer checks received by mail,which statement is TRUE?
A)The debit to Cash by the accounting department should equal the amount deposited in the bank by the mailroom employee.
B)The customers' Accounts Receivable accounts should be adjusted by the cashier in the treasury department for the payments received.
C)The controller compares the customers' checks to the remittance advices sent from the mailroom.
D)The accounting department debits Cash and credits Accounts Receivable.The cashier in the treasurer's department deposits the checks in the bank.

Question

Quizplus · Accepted Answer

The correct process for handling customer checks involves the accounting department recording the transaction by debiting Cash and crediting Accounts Receivable to reflect the receipt of payment. The cashier in the treasurer's department is responsible for physically depositing the checks into the bank. This separation of duties helps ensure the accuracy and security of the transaction.

With Regard to Customer Checks Received by Mail,which Statement Is