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Sound Internal Control Dictates That, Immediately Upon Receiving Checks from Customers

Question 716

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 prenumbered sales invoice.
C) Prepare a duplicate listing of checks received.
D) Record the checks in the cash receipts journal.

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