Which Control Plan for the Cash Receipts Function Has as Its

question 8

Multiple Choice

Which control plan for the cash receipts function has as its primary control goal to ensure security of resources?

• A) reconcile bank account regularly.
• B) enter cash receipts close to where cash is received.
• C) immediately endorse incoming checks.
• D) one-to-one checking of deposit slips and checks.

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Definitions:

Stagnation

A period of little or no growth, development, or progress.

Ego Integrity

A sense of unity in one’s identity and values, often discussed as an achievement in older adulthood according to Erikson’s psychosocial stages.

Life Review

A process often occurring in later adulthood, where individuals reflect on past experiences and evaluate them, sometimes in therapeutic contexts.

Elderly Person

An individual of advanced age, typically someone who is retired from work and over the age of 65.