nternal control procedures for cash receipts do not equire that:
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.1P
Related questions
Question
![Internal control procedures for cash receipts do not
require that:
Multiple Choice
All cash collections for sales are received
immediately upon making the sales.
Clerks having access to cash in a cash register
should not have access to the register tape or file.
Handling of cash is kept separate from its
recordkeeping.
Cash sales should be recorded on a cash register at
the time of each sale.
An employee with no access to cash receipts should
compare the total cash recorded by the register with
the record of cash receipts reported by the cashier.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2386706b-4355-4d5b-a8cd-188db1b58713%2F0d650bb0-b742-4ad1-a59e-6c807d044bfa%2Fsqj0ssh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Internal control procedures for cash receipts do not
require that:
Multiple Choice
All cash collections for sales are received
immediately upon making the sales.
Clerks having access to cash in a cash register
should not have access to the register tape or file.
Handling of cash is kept separate from its
recordkeeping.
Cash sales should be recorded on a cash register at
the time of each sale.
An employee with no access to cash receipts should
compare the total cash recorded by the register with
the record of cash receipts reported by the cashier.
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