Immediately Upon Receiving Checks from Customers in the Mail, a Responsible

question 94

Multiple Choice

Immediately upon receiving checks from customers in the mail, a responsible employee working in an environment of adequate internal control should prepare a listing of receipts and forward it to the company's cashier.A copy of this cash receipts listing should also be sent to the company's:

• A)Treasurer for comparison with the monthly bank statement.
• B)Internal auditor for investigation of any unusual transactions.
• C)Accounts receivable clerk for updating of the accounts receivable subsidiary ledger.
• D)Bank for comparison with deposit slips.