Which of the following considered cash receipt control principles: Select one: O a. Cash receipt can be handled by many staff O b. Only designated staff are authorized to handle cash receipt O c. Same staff receive cash, record cash & hold cash O d. less Use remittance device, cash register tapes and deposit slips

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5MC: There are several elements to internal controls. Which of the following would not address the issue...
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Which of the following considered cash receipt control principles:
Select one:
O a. Cash receipt can be handled by many staff
O b. Only designated staff are authorized to handle cash receipt
O c. Same staff receive cash, record cash & hold cash
d. less Use remittance device, cash register tapes and deposit slips
Transcribed Image Text:Which of the following considered cash receipt control principles: Select one: O a. Cash receipt can be handled by many staff O b. Only designated staff are authorized to handle cash receipt O c. Same staff receive cash, record cash & hold cash d. less Use remittance device, cash register tapes and deposit slips
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