Multiple Choice
Which of the following is not an internal control activity for cash?
A) Unannounced audits of cash on hand should be made occasionally.
B) The number of persons who have access to cash should be limited.
C) The functions of recordkeeping and keeping custody of cash should be combined.
D) All cash receipts should be recorded promptly.
Correct Answer:
Verified
Correct Answer:
Verified
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