Multiple Choice
Which of the following is the last step in the daily control over cash receipts by mail?
A) A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit.
B) A mailroom clerk opens the mail and sends the remittance advices to the accounting department.
C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to cash from the accounting department.
D) The accounting department prepares journal entries to cash and the customers' accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q117: Which of the following statements describes a
Q126: As part of the internal control over
Q128: Please refer to the following bank
Q129: A company makes a legitimate,properly authorized payment
Q130: Which of the following is retained by
Q135: An accountant is under pressure to maximize
Q136: Regarding controls over cash receipts by mail,
Q136: Which of the following statements describes the
Q152: For good controls over cash payments,the person
Q189: Which of the following statements describes a