A Critical Element of Internal Control Over Collections of Accounts

question 98

Multiple Choice

A critical element of internal control over collections of accounts receivable is:

• A)the separation of cash-handling and cash-accounting duties.
• B)setting up a petty cash account.
• C)using a cheque-writing machine.
• D)depositing the cash from the cash register on a daily basis.

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Verbal Comprehension

The ability to understand words, sentences, and paragraphs in spoken (oral) language.

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An author and innovator best known for his work on creativity.

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