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) The controller 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
Q9: The following information is available for Jack's,Inc.for
Q13: A company has a petty cash fund
Q15: A company check for payment must be
Q16: The cash balance in a company's general
Q106: A signature card is a card that
Q122: For strong controls over cash receipts,the checks
Q142: A deposit receipt is _.<br>A) retained by
Q205: The environment is the culture of a
Q234: Cash in the bank is more liquid
Q242: A business keeps cash in a bank