Which of the following documents is used in the control of cash receipts?
A)canceled checks
B)Outstanding checks
C)Bank deposit slips
D)Bank debit memos

Question

Quizplus · Accepted Answer

Bank deposit slips are used to record cash receipts as they are deposited into the bank account. This helps in controlling and monitoring the cash inflow and ensures that all receipts are accurately recorded. Canceled checks, outstanding checks, and bank debit memos are more relevant to controlling cash disbursements rather than cash receipts.

Which of the Following Documents Is Used in the Control