Which of These Does Not Represent Proper Internal Control of Cash

question 35

Multiple Choice

Which of these does not represent proper internal control of cash receipts?

• A) Daily banking of receipts.
• B) Two people opening the mail.
• C) Paying accounts directly out of the cash register.
• D) Balancing the cash register after each employees' shift.

Understand the definition and application of promissory estoppel.

Comprehend the concept of consideration and its requirements for a valid contract.

Recognize the features of an illusory promise and its implications on contract enforcement.

Identify the conditions under which a promise to pay a previous debt is enforceable.

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Definitions:

Motionless Body

Describes a state of not moving or being completely still.

Terrorist Bombing

The use of explosive devices by terrorists to cause disruption, fear, injury, or death, typically targeting civilians to achieve political ends.

Day-To-Day Happiness

The experience of joy, contentment, or positive well-being on a regular, daily basis.

Subjective Well-Being

A person's self-evaluation of their total contentment and fulfillment in life.