The Least Crucial Element of Internal Control Over Cash Is

question 29

Multiple Choice

The least crucial element of internal control over cash is:

• A)separation of cash record-keeping from custody of cash.
• B)preparation of the monthly bank reconciliation.
• C)batch processing of checks.
• D)separation of cash receipts from cash disbursements.

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Definitions:

Buffer

A temporary storage area in a computer system designed to hold data while it is being transferred from one place to another.

Trivialize

To make something seem less important or serious than it actually is.

Neutral Statement

A statement that is unbiased, not favoring any side or opinion.

Common Ground

Shared interests, beliefs, or understanding among individuals or groups that can serve as a basis for communication.