Solved

Which of the Following Features Should Not Be Included in a Good

Question 6

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions