Which of the Following Control Procedures Provides Physical Protection for a Company's

question 46

Multiple Choice

Which of the following control procedures provides physical protection for a company's cash asset?

• A)Majority of authorized cash disbursements made by check
• B)Daily cash receipts deposited intact at bank
• C)Voucher system for cash disbursements
• D)all of the above

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Definitions:

Consumption

The use of goods and services by households. It is an important component of GDP and a direct indicator of consumer spending behavior.

Income

Earnings received by a person or entity, typically through work, investments, or business ventures.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.

Present Value

The value today of a sum of money or cash flows expected in the future, discounted by a specific rate of return.