Which of the Following Is Not Related to the Segregation

question 147

Multiple Choice

Which of the following is not related to the segregation of duties for cash received in person?

• A)Cashiers are responsible for the collection of cash and issuing a receipt at the point of sale.
• B)A supervisor is responsible for collecting the cash at the end of each cashier's shift and depositing it in the bank.
• C)Members of the accounting department are responsible for ensuring that the receipts from cash sales are properly recorded in the accounting system.
• D)Members of the accounting department count the cash collected and deposit it in the bank.

Understand the basic accounting principles regarding the increase in asset and equity accounts.

Learn the correct approach to recording and paying bills using QuickBooks, including distinguishing between different methods of bill payments.

Gain insights into the significance of maintaining a business checking account for specific business-related purchases.

Identify the tasks that can be accomplished within the Banking section of the Home Page in QuickBooks.

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Definitions:

Statistical Technique

A method or procedure applied in the analysis or interpretation of data, often used to test hypotheses or estimate properties of a population.

Garbage In / Garbage Out

A principle stating that poor quality input will result in poor quality output, particularly in the context of computers and software.

Obtain Data

The process of collecting information or measurements relevant to a particular question or problem.

Inferential Statistics

The branch of statistics focused on drawing conclusions and making predictions about a population based on a sample.