Multiple Choice
Which of the following is not one of the controls when customer payments are commingled with other mail?
A) preparing a remittance list as mail is opened
B) restrictively endorsing checks when received
C) requiring two mail room clerks to open mail together
D) requiring the controller to be personally present when mail is received and opened
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Which of the following is not a
Q21: A document typically encountered in the revenue
Q22: A monthly statement sent to customers serves
Q23: The _ normally triggers the billing process
Q24: How is credit approval generally handled for
Q26: An _ is an arrangement where a
Q27: When a proper segregation of duties exists
Q28: Which of the following is not a
Q29: An accounts receivable aging report is useful
Q30: Explain how to effectively segregate duties in