Match the Internal Control Principle Below with the Appropriate Cash

question 80

Short Answer

Match the internal control principle below with the appropriate cash receipts procedure described.
a. Documentation procedures
b. Establishment of responsibility
c. Independent internal verification
d. Human resource controls
e. Physical controls
f. Segregation of duties
_____ 1. Only designated personnel are authorized to handle cash receipts.
_____ 2. Different individuals receive cash and record cash receipts.
_____ 3. Use remittance advice and cash register tapes.
_____ 4. Store cash in safes and bank vaults.
_____ 5. Treasurer compares total receipts to bank deposits daily.
_____ 6. Bonding of employees that handle cash.

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Definitions:

Secondary Appraisal

The process of evaluating one's potential to cope with or respond to a threatened or challenging event after its significance has been assessed.

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) to stress theorized by Hans Selye, illustrating how stress affects the body over time.

Hans Selye

A pioneering Hungarian-Canadian endocrinologist known for his research on the stress response.

Exhaustion Stage

The final stage of the stress response, where the body can no longer resist the stressors and may lead to burnout or health problems.