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The Internal Control of Cash Receipts Related to Adequate Records

Question 101

Multiple Choice

The internal control of cash receipts related to adequate records and documents would include which of the following?


A) Cash receipts listings prepared on a daily basis and reconciled to supporting documentation from the bank deposit
B) Bank deposit receipts should be retained and filed chronologically.
C) Detailed customer accounts should also be maintained and reconciled with customer statements regularly.
D) All of the above

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