Internal Control Over Cash Receipts Will Include All of the Following

question 73

Multiple Choice

Internal control over cash receipts will include all of the following EXCEPT

• A) only designated personnel are authorized to handle cash receipts.
• B) only one authorized person will receive the cash and record the cash receipts.
• C) use of cash registers.
• D) employees are required to take vacation.

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Definitions:

Third-party Sources

External entities or individuals that provide information, services, or products to an organization, not directly related to its internal workforce or resources.

Compensation Data

Information regarding the pay rates, salary structures, benefits, and perks provided to employees within an organization or across a specific labor market.

Labour Market

The supply of and demand for labor, where employers seek to hire workers, and individuals seek employment.

Occupational Grouping

A method of organizing jobs or professions based on shared characteristics or functions.