In a Revenue Cycle with Proper Controls,the ________ Who Reports

question 69

Multiple Choice

In a revenue cycle with proper controls,the ________ who reports to the ________,is not involved in any cash handling activities.

• A)accounts receivable clerk;treasurer
• B)accounts receivable clerk;controller
• C)cashier;controller
• D)cashier;treasurer

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Definitions:

Illegal Contract

A contract that involves doing something that is against the law or against public policy, and therefore is unenforceable in a court of law.

Public Policy

Principles and standards considered by the government to be of benefit to the community and used as a guide for legislative action.

Noncompetition Clauses

Provisions in employment contracts that prevent employees from entering into competition with their employer for a certain period after leaving the company.

Public Policy

Principles and standards accepted by the majority of citizens and used by legislators, judges, and public officials to guide their actions and decisions.