When Processing and Recording Cash Receipts, an Important Fact to Consider

question 107

Multiple Choice

When processing and recording cash receipts, an important fact to consider is:

• A)the most important concern is depositing cash at least twice daily.
• B)the most important concern is the possibility of theft.
• C)theft can occur only after the receipts are entered in the records.
• D)it the customer fails to include a remittance advice, the check should be returned to the customer.

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Definitions:

Floodplain

An area of relatively smooth land adjacent to a stream channel that is intermittently flooded when the stream overflows its banks.

Sedimentation

The process by which material is deposited by wind, water, or ice, often resulting in layers of sediment that can eventually form sedimentary rocks.

Stream Channel

A stream channel is the physical confinement of a river or stream, composed of a bed and banks, which directs the flow of water.

Theory of Reasoned Action

A theory that predicts individuals' behavioral intentions and actions based on their attitudes toward the behavior and subjective norms.