Which of the Following Is the Last Step in the Daily

question 11

Multiple Choice

Which of the following is the last step in the daily control over cash receipts by mail?

• A)A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit.
• B)The controller opens the mail and sends the remittance advices to the accounting department.
• C)The controller compares the records of the day's bank deposit amount from the treasurer and the debit to cash from the accounting department.
• D)The accounting department prepares journal entries to cash and the customers' accounts.

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Definitions:

Closed Group

A group with fixed membership, where new members can join only when it opens up for new intake.

Positive Effects

Outcomes that are beneficial, favorable, or advantageous in nature, contributing to success, well-being, or the attainment of goals.

Closed Group

A type of group or team with fixed membership where new members can join only when a current member leaves or through a specific selection process.

Negative Characteristics

Traits or qualities deemed undesirable or harmful, often resulting in negative judgments or perceptions by others.