Multiple Choice
Which of the following features should not be included in a good system of internal accounting control over cash?
A) All receipts are deposited daily in the bank.
B) All major disbursements are made by check, and an imprest fund is used for petty cash disbursements.
C) Cash handling is separated from the recording of cash transactions.
D) Monthly bank reconciliations are prepared by the person who makes the daily bank deposits.
E) All of the above are part of a good system of internal accounting control over cash.
Correct Answer:

Verified
Correct Answer:
Verified
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