Multiple Choice
Which of the following is not a basic means of achieving internal control over cash receipts?
A) Separate the functions of cash handling and maintenance of accounting records.
B) Prepare a daily listing of cash received through the mail.
C) Deposit all cash receipts daily in the petty cash fund.
D) Promptly reconcile bank statements with the accounting records.
Correct Answer:
Verified
Correct Answer:
Verified
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