Multiple Choice
Which of the following is not an internal control activity for cash?
A) Employees who have access to cash should be bonded.
B) Recordkeeping and physical custody of cash should be performed by the same person.
C) The amount of cash on hand should be kept to a minimum.
D) Banking facilities should be used as much as possible.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: The calculation of goods available for sale
Q19: Feathertouch Company sold merchandize worth $800
Q20: A very small company would have the
Q21: Use this information to answer the
Q24: Use this information to answer the
Q25: From the following data,calculate the amount
Q26: Adding together the ending merchandise inventory and
Q27: Goods totaling $28,000 purchased February 2 on
Q28: Assuming that net cost of purchases was
Q193: Inventory losses are easier to identify under