Multiple Choice
Which of the following is not an internal control procedure for cash?
A) Payments should be made with cash.
B) There should be limited access to cash.
C) The amount of cash on hand should be kept to a minimum.
D) Cash should be deposited daily.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Which one of the following sections would
Q60: The separation of duties feature of internal
Q132: Bonding means insuring a company against theft
Q133: Which of the following is not one
Q134: Which of the following would <b>not</b> be
Q135: Bonding involves all of the following <b>except</b><br>A)The
Q138: In budgeting cash, cash disbursements include payments
Q142: Lackey Company wrote checks totaling $38,430 during
Q154: Which one of the following is not
Q211: Related purchasing activities include<br>A) ordering receiving paying.<br>B)