menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamentals of Financial Accounting Study Set 2
  4. Exam
    Exam 5: Fraud, internal Control, and Cash
  5. Question
    The Primary Goal of Internal Controls for Cash Receipts Is
Solved

The Primary Goal of Internal Controls for Cash Receipts Is

Question 22

Question 22

True/False

The primary goal of internal controls for cash receipts is to ensure that the business pays only for properly authorized transactions.

Correct Answer:

verifed

Verified

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

Related Questions

Q17: Which of the following is not stated

Q18: A voucher system is a process for

Q19: Match the term and the definition.There are

Q20: Restricted cash is not reported separately on

Q21: If a company's records show a different

Q23: An imprest payroll system is one example

Q24: After preparing a bank reconciliation,no adjusting journal

Q25: Internal controls include the policies and procedures

Q26: Which of the following is/are true?<br>A)The primary

Q27: The three elements of the fraud triangle

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