Which of Following Functions Should Be Segregated

question 108

Multiple Choice

Which of following functions should be segregated?

• A)opening the mail and making the journal entry to record cash receipts
• B)authorizing credit and determining reorder quantities
• C)maintaining the subsidiary ledgers and handling customer queries
• D)providing information on inventory levels and reconciling the bank statement

Understand the neuroscientific aspects of adolescent brain development and its behavioral outcomes.

Understand demographic changes in family structures over the past few decades.

Recognize the impact of childbearing on marital satisfaction.

Comprehend the trend in the average age of first marriage over time.

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Definitions:

Cash Payments

Outflows of cash by a business to settle obligations, such as paying expenses, debts, or purchasing assets.

Payroll Register

A multicolumn report used to assemble and summarize payroll data at the end of each payroll period.

Multicolumn Form

A formatting style used in accounting and bookkeeping that uses multiple columns to represent and organize financial information and transactions.

Unemployment Compensation Tax

A tax paid by employers to fund unemployment benefits for workers who have lost their jobs.