Multiple Choice
Allowing only designated personnel to handle cash receipts is an example of
A) establishment of responsibility.
B) segregation of duties.
C) documentation procedures.
D) independent internal verification.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q151: Unicycle Company developed the following reconciling information
Q152: A check returned by the bank marked
Q153: A system of internal control<br>A)is infallible.<br>B)can be
Q154: In the month of May, Kijak Company
Q155: A voucher system is used by many
Q157: Cash registers are an important internal control
Q158: The safeguarding of assets is an objective
Q159: Internal control is most effective when several
Q160: A voucher system is a series of
Q161: Deposits in transit<br>A)have been recorded on the