When Processing and Recording Cash Payments, It Is Important to Have

question 89

Multiple Choice

When processing and recording cash payments, it is important to have a method of cancelling the supporting documents to prevent their reuse as support for another cheque at a later time. A common method is to:

• A) write the cheque number on the supporting documents.
• B) move the documents to a permanent off- site facility such as a warehouse.
• C) transfer possession of the document to a bank vault such as a safety deposit box.
• D) shred the documents so they can't be reused.

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Definitions:

Proximal Stimulus

Reception of information and its registration by a sense organ (e.g., retinal images in the case of vision). Contrast with distal stimulus.

Percept

The outcome of a perceptual process; the meaningful interpretation of incoming information.

Distal Stimulus

An object, event, or pattern as it exists in the world. Contrast with proximal stimulus.

Prägnanz

A principle from Gestalt psychology that suggests people will perceive and interpret ambiguous or complex images as the simplest form(s) possible.