Which of the Following Would Offer the Best Protection for a Company

question 28

Multiple Choice

Which of the following would offer the best protection for a company that wishes to prevent a reoccurrence of a previously detected "lapping" problem with trade accounts receivable?

• A)Segregate duties so that the bookkeeper in charge of the general ledger has no access to incoming mail.
• B)Segregate duties so that no employee has access to both checks from customers and currency from daily cash receipts.
• C)Have customers send payments directly to the company's depository bank.
• D)Request that customer's payment checks be made payable to the company and addressed to the treasurer.

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