Which of the Following Procedures Is Not Consistent with Good

question 63

Multiple Choice

Which of the following procedures is not consistent with good control of cash receipts?

• A) Assignment of cash custody and reconciliation to the same individual
• B) Separate responsibilities for cash-handling and cash-recording functions
• C) Assignment of responsibilities to ensure a continuous and uninterrupted flow of cash from initial receipt to deposit in an authorized bank account
• D) Continuous and close supervision of all cash-handling and cash-recording functions

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Definitions:

Aboriginals

Indigenous people native to a specific geographical area with distinct cultural and historical identities.

Visible Minorities

Individuals in a population who are recognized as distinct from the dominant group based on racial or ethnic characteristics.

Employee Recruitment

The process of finding and hiring the best-qualified candidates for a job opening, in a timely and cost-effective manner.

Talents

The natural capabilities and skills that individuals possess which can be developed for performance in certain activities.