Knowledge Check 01 Which of the following is a correct statement regarding control of over-the-counter cash receipts: O The clerk with access to cash should also have access to the cash account in the general O The cashier should have access to the accounting records. O The supervisor should compare the register transactions with the cash receipts report ton O The clerk and the cashier should work closely together when handling the cash and recorc records.
Knowledge Check 01 Which of the following is a correct statement regarding control of over-the-counter cash receipts: O The clerk with access to cash should also have access to the cash account in the general O The cashier should have access to the accounting records. O The supervisor should compare the register transactions with the cash receipts report ton O The clerk and the cashier should work closely together when handling the cash and recorc records.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![1011
Cashier prepares cash
records, deposit slip, and
journal entry
Cols
Supervisor reads register data, prepares
register sheet (and keeps copy), and sends
both to company cashier
Knowledge Check 01
Which of the following is a correct statement regarding control of over-the-counter cash receipts:
O The clerk with access to cash should also have access to the cash account in the general le
O The cashier should have access to the accounting records.
O The supervisor should compare the register transactions with the cash receipts report to mai
O The clerk and the cashier should work closely together when handling the cash and recordin
records,
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6
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Transcribed Image Text:1011
Cashier prepares cash
records, deposit slip, and
journal entry
Cols
Supervisor reads register data, prepares
register sheet (and keeps copy), and sends
both to company cashier
Knowledge Check 01
Which of the following is a correct statement regarding control of over-the-counter cash receipts:
O The clerk with access to cash should also have access to the cash account in the general le
O The cashier should have access to the accounting records.
O The supervisor should compare the register transactions with the cash receipts report to mai
O The clerk and the cashier should work closely together when handling the cash and recordin
records,
< Prev
11 12 13
15 of 23
Next
re to search
a
6
81
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