Cash received through the mail should be handled by only one employee to achieve effective internal control.
Correct Answer:
Verified
Q22: Invoices are documents prepared by a vendor
Q33: Under an effective system of internal control,errors
Q35: The receiving department must compare goods received
Q37: The use of a cash register is
Q39: At the end of each day,the cashier
Q47: The taking of a physical inventory is
Q50: It is usually a good business practice
Q54: On a bank reconciliation,interest income would be
Q55: Cash equivalents are usually listed as short-term
Q60: The petty cash voucher should be kept
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents