When Dealing with the Processing and Recording of Cash Receipts

question 72

Multiple Choice

When dealing with the processing and recording of cash receipts,

• A) the most important concern is the theft of cash.
• B) theft can only occur before the receipts are entered into the records.
• C) cash receipts should be deposited at least monthly.
• D) the monthly statement is used to prepare the cash receipts journal.

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