After Making the Deposit, the Daily Cash Summary and the Validated

question 34

Multiple Choice

After making the deposit, the daily cash summary and the validated deposit slip should be forwarded by the cashier directly to:

• A) the treasurer.
• B) the accounts receivable clerk.
• C) general accounting.
• D) the billing department.
• E) the cash receipts clerk.

---

Definitions:

Yearly Periodic Lease

A lease agreement that automatically renews each year unless terminated by either party.

Termination Clause

A provision within a contract that outlines the conditions under which the contract may be terminated before its natural end date.

Notice of Termination

A written statement provided by one party to another indicating the intention to end an agreement or employment at a specified time.

Commercial Lease

An agreement between a landlord and a business to rent commercial property.