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

question 67

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 cheque
• B)Daily cash receipts deposited intact at bank
• C)Voucher system for cash disbursements
• D)all of the above

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Definitions:

Customers Served

The number of unique clients or customers that a business or service has provided for over a specific period.

Revenue Variance

The variance between projected revenue and the actual income received.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.