Multiple Choice
Which of the following is not a feature of good internal accounting control over cash?
A) All cash receipts are deposited in the bank each day.
B) Most bills are paid with paper currency and coins to minimize the bank service charges.
C) A bank reconciliation is prepared when each bank statement is received.
D) Cash is handled separately from the recording of cash transactions.
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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