Which of the Following Is not a Control That Generally

question 49

Multiple Choice

Which of the following is not a control that generally is established over cash transactions?

• A)Separating cash handling from recordkeeping.
• B)Centralizing the receipt of cash.
• C)Depositing each day's receipts intact.
• D)Obtaining a receipt for every disbursement.

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Definitions:

Owner

An Owner is the individual or entity that legally holds the rights to possess, use, and dispose of property, assets, or a business.