Multiple Choice
The following set of items describes activities completed by a company in purchasing and paying for merchandise and in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. (Choices may be used more than once.)
-An accounting department employee records cash receipts from customers and prepares the bank deposit slips.
A) Adheres to sound internal controls
B) Violates sound internal controls
C) Neither strengthens nor violates internal control
Correct Answer:

Verified
Correct Answer:
Verified
Q128: On a bank reconciliation,outstanding checks are added
Q172: When there is proper segregation of duties,
Q173: Which of the following is an example
Q174: Under the _ Act, management of publicly-traded
Q175: If the balance on the bank statement
Q178: Effective cash management and control for a
Q179: Choose the proper category of internal control
Q180: Cash collected and recorded by a company
Q181: The following set of items describes activities
Q182: Each of the following documents is used