When Processing and Recording Cash Payments, It Is Important to Have

Multiple Choice

When processing and recording cash payments, it is important to have a method of cancelling the supporting documents to prevent their reuse as support for another cheque at a later time. A common method is to:

A) write the cheque number on the supporting documents.
B) move the documents to a permanent off- site facility such as a warehouse.
C) transfer possession of the document to a bank vault such as a safety deposit box.
D) shred the documents so they can't be reused.