menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 7: Internal Control and Cash
  5. Question
    A Basic Principle of Internal Control Over Cash Receipts Is
Solved

A Basic Principle of Internal Control Over Cash Receipts Is

Question 4

Question 4

True/False

A basic principle of internal control over cash receipts is that the deposit of the cash and the recording of the receipts into the ledger should be separated.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Which of the following items found on

Q2: Sarbanes-Oxley was passed in response to which

Q3: A company has a petty cash fund

Q5: Under the Sarbanes-Oxley Act,the outside auditor must

Q6: Please refer to the following bank

Q7: If the bank reconciliation includes a bank

Q8: The following information is needed to

Q9: Which of the following items would require

Q10: In the following situation,which internal control procedure

Q11: The bank statement reveals an EFT payment

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines