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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Definitions:

Gender Gap

The differences in opinions, attitudes, behaviors, or attributes between men and women.

Women of Color

Refers to women who are not of white European descent and are often discussed in contexts concerning social, political, and economic inequalities.

White Women

Women identified or classified as white, referring to a racial or ethnic group primarily characterized by light skin pigmentation.

Earnings

Earnings refer to the income obtained from employment or investment, often measured for individuals, businesses, or investments over a specific period of time.