Which of the Following Is the Correct Way to Handle

question 6

Multiple Choice

Which of the following is the correct way to handle a customer's change as described in the textbook?

• A)If change is required, count it accurately, and do not place the money received from the customer in the cash drawer until you have made change and the customer has accepted it
• B)If change is required, count it accurately, and place the money received from the customer in the cash drawer and then make change for the customer
• C)If change is required, don't count it, and place the money received from the customer in the cash drawer and then make change for the customer
• D)If change is required, don't count it, and do not place the money received from the customer in the cash drawer until you have made change and the customer has accepted it
• E)If change is required, count it accurately, and place the money received from the customer in the cash drawer and make a change after add-ons have been sold so the difference can be adjusted

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Definitions:

Investment Account

An account held at a financial institution that contains securities, cash, and other assets held for investment purposes.

Investment Accounting Method

A set of principles for recording investments on the financial statements, depending on the level of control or influence over the invested entity.

Consolidated Figures

Financial data that combines information from separate entities into a single set of statements, used for overall analysis.