Sound Internal Control Dictates That Immediately Upon Receiving Checks from Customers

question 1

Multiple Choice

Sound internal control dictates that immediately upon receiving checks from customers by mail,a responsible employee should

• A)Add the checks to the daily cash summary.
• B)Verify that each check is supported by a pre-numbered sales invoice.
• C)Prepare a summary listing of checks received.
• D)Record the checks in the cash receipts journal.

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Definitions:

Emotional Regulation

refers to the process by which individuals influence their emotions, how they experience and express them.

Cognitive Maturity

The development of mental processes used to process information, comprehend concepts, and articulate thoughts, reaching a stage where these processes are fully developed.

Abuse Alcohol

The excessive or harmful consumption of alcohol that negatively impacts an individual's health, relationships, and responsibilities.

College

A post-secondary education institution offering a range of degree programs, often focusing on undergraduate studies.