Immediately Upon Receiving Checks from Customers in the Mail, a Responsible

question 62

Multiple Choice

Immediately upon receiving checks from customers in the mail, a responsible employee working in an environment of adequate internal control should prepare a listing of receipts and forward it to the company's cashier.A copy of this cash receipts listing should also be sent to the company's

• A)Treasurer for comparison with the monthly bank statement
• B)Internal auditor for investigation of any unusual transactions
• C)Accounts receivable clerk for updating of the accounts receivable subsidiary ledger
• D)Bank for comparison with deposit slips