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.

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Definitions:

Alternative Points

Perspectives or options that differ from the main or currently considered paths, often providing creative or novel solutions to problems.

Semantic Barriers

Involve a poor choice or use of words and mixed messages.

Formal Channels

Official, established routes of communication or transmission of information within an organization.

Chain Of Command

The hierarchical structure within an organization that delineates authority, responsibility, and communication pathways.