Multiple Choice
When cash is received from a remote source,the accounting department then compares the total on the cash receipts list with the stamped deposit slip received from the bank.Which internal control principle is being met with this procedure?
A) Document procedures
B) Independently verify
C) Restrict access
D) Segregate duties
Correct Answer:

Verified
Correct Answer:
Verified
Q73: Which principle of internal control states that
Q74: What is the primary goal of internal
Q75: The bank will show a customer's withdrawal
Q76: Assigning responsibilities so that related activities are
Q77: Match the term to the appropriate definition.There
Q79: Protecting against theft of assets and enhancing
Q80: The internal control principle related to assigning
Q81: In a bank reconciliation,an EFT received from
Q82: Which one of the statements appearing below
Q83: A small company would have the most