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Sound Internal Control Dictates That Immediately Upon Receiving Checks from Customers

Question 1

Multiple Choice

Sound internal control dictates that immediately upon receiving checks from customers by mail,a responsible employee should


A) Add the checks to the daily cash summary.
B) Verify that each check is supported by a pre-numbered sales invoice.
C) Prepare a summary listing of checks received.
D) Record the checks in the cash receipts journal.

Correct Answer:

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