For Strong Controls Over Cash Receipts,the Checks to Be Deposited

question 122

True/False

For strong controls over cash receipts,the checks to be deposited should be sent to the treasurer,and the remittance advices should be sent to the accounting department.

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Definitions:

Good Management

The practice of effectively and efficiently leading and organizing resources, including people, to achieve the goals of an organization.

Good Organization

A well-structured entity with efficient processes, clear objectives, and effective communication among its members.

Good Planning

The process of defining objectives, strategies, and actions to achieve goals effectively and efficiently.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, often due to unique resources, capabilities, or positioning.