Internal Controls Policies Related to Cash Receipts Include All of the Following

question 173

Multiple Choice

Internal controls policies related to cash receipts include all of the following except:

• A) Only designated personnel should be authorized to handle cash receipts.
• B) Different individuals receive cash, record cash receipts in the journal, and hold the cash.
• C) Checks received should be immediately stamped "For Deposit Only."
• D) Cash should be stored in a locked safe and deposited in the bank on a weekly basis.

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Definitions:

Schizophrenia

A brain disorder characterized by anomalies in thought patterns, sensory experiences, emotional responses, and social engagements.

Delusions

Fixed false beliefs that conflict with reality, despite evidence to the contrary, often a symptom of psychological disorders such as schizophrenia.

Flat Affect

A significant reduction in emotional expressiveness, including facial expressions, voice tone, or the lack of gestures, often associated with schizophrenia and some other psychiatric disorders.

Catatonia

A psychomotor disorder characterized by abnormal movement and behavior arising from a disturbed mental state.