Which of the Following Is Not an Internal Control for Checks

question 157

Multiple Choice

Which of the following is not an internal control for checks received through the mail?

• A) The mail clerk sends the cash receipts list and the customers' remittance advices to the accounting department
• B) The mail clerk gives checks and money orders to the person who makes the bank deposit
• C) The accounting department verifies the bank deposit by comparing the cash receipts list with the deposit slip from the bank
• D) The accounting department counts the cash, prepares the deposit slip and deposits the cash in the bank

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Definitions:

Products

Items or goods that are manufactured or refined for sale.

Activity-Based Costing

A costing methodology that assigns the costs of overhead activities to products or services based on their consumption of those activities, aiming to provide more accurate cost information.

Activity Cost Pools

Pools of overhead costs assigned to products and services according to the activities that drive costs.

Machine-Hours

A measure of production output or activity based on the number of hours machines are in operation.