The Following Set of Items Describes Activities Completed by a Company

question 76

Multiple Choice

The following set of items describes activities completed by a company in collecting cash for merchandise sales.For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Cash register tapes are picked up daily by an employee from the accounting department.

• A) Adheres to sound internal control procedures
• B) Violates sound internal control procedures
• C) Neither strengthens nor violates internal control