Which of these is not a potential misstatement for the function of recording cash receipts?
A) cash may not be deposited intact daily
B) some receipts may not be recorded
C) errors may be made in journalizing receipts
D) receipts may be posted to the wrong customer account

Question

Quizplus · Accepted Answer

The statement "cash may not be deposited intact daily" relates to the handling of cash rather than the recording of cash receipts. The other options are directly related to potential misstatements in the recording process.

Which of These Is Not a Potential Misstatement for the Function