Multiple Choice
Internal control procedures for cash receipts require that:
A) Custody over cash is kept separate from its recordkeeping.
B) Cash sales should be recorded on a cash register at the time of each sale.
C) Clerks having access to cash in a cash register should not have access to the register tape or file.
D) An employee (with no access to cash receipts) should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.
E) All of the choices are required internal control procedures for cash receipts.
Correct Answer:

Verified
Correct Answer:
Verified
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