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  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 10: Auditing the Revenue Process
  5. Question
    Immediately Upon Receipt of Cash, a Responsible Employee Should
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Immediately Upon Receipt of Cash, a Responsible Employee Should

Question 2

Question 2

Multiple Choice

Immediately upon receipt of cash, a responsible employee should


A) Record the amount in the cash receipts journal.
B) Prepare a listing of remittances.
C) Update the subsidiary accounts receivable records.
D) Prepare a deposit slip in triplicate.

Correct Answer:

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