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:

Behavioral Observations

The method of studying subjects' actions in their natural settings without intervention.

Internal Processes

Internal processes involve the cognitive, psychological, and physiological operations that underlie an individual's mental and emotional functioning.

Behaviorists

Behaviorists focus on observable behaviors and the ways they're learned, downplaying the role of internal thoughts and feelings.

Gestalt Psychologists

Psychologists who believe that human perception and behavior should be understood as organized wholes, rather than the sum of their parts.