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Which of the Following Statement Regarding the Receipt of Cheques

Question 20

Multiple Choice

Which of the following statement regarding the receipt of cheques is true?


A) Cheques received should be stamped or endorsed immediately.
B) Cheques received should be receipted and deposited by the accounts receivable clerk.
C) Cheques need not be separated from the remittance advice.
D) Cheques should be receipted and deposited by the accounts payable clerk.

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