Which of the Following Would Be an Effective Internal Control

question 70

Multiple Choice

Which of the following would be an effective internal control procedure over cash?

• A)Having only one person responsible for writing and signing all cheques.
• B)Having the person who receives mailed-in cheques be different than the record keeper.
• C)Having many people handle the cash activities in a store and all work out of the same cash register drawer.
• D)Having one person responsible for all cash handling activities and the inventory.

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Definitions:

Political Sites

Locations or platforms where political activity, discourse, or engagement occurs, ranging from physical spaces like parliaments to digital forums.

Democratic Government

refers to a system of governance where power is vested in the hands of the people, who exercise power directly or through elected representatives, based on principles of freedom, equality, and justice.

Exploitive Nature

Refers to actions or systems that take unfair advantage of people or resources for personal or organizational gain.