Solved

As Long as the Same Person Deposits Customer Cheques and Records

Question 35

True/False

As long as the same person deposits customer cheques and records the deposits into the ledger,there will be good internal control over cash receipts.

Related Questions

Q30: A 'cash short' situation exists where the

Q32: Keeping office supplies under lock and key

Q33: Reducing expense to increase operating profit is

Q36: Petty cash is accounted for by maintaining

Q37: A cheque of $75 deposited by a

Q38: The bank charged a service charge of

Q39: Which of the following is a general

Q40: Which of the following is a security

Q78: For good controls over cash payments,the company

Q95: If the bank reconciliation includes a deposit