Identify the Procedure Below That Is NOT Essential for Proper

question 16

Multiple Choice

Identify the procedure below that is NOT essential for proper control over cash receipts.

• A)Have only designated employees receive and handle cash received by the business.
• B)Enter cash receipts transactions in the accounting records promptly.
• C)Keep cash receipts in a cash register or locked cash drawer or safe.
• D)Hold all cash received during a month and make one bank deposit at the end of the month.

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Definitions:

Social Significance

The importance or relevance of something within society, highlighting how it affects or reflects on the communal norms and values.

Religion

A structured set of beliefs and practices related to spiritual or divine matters shared within a community.

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist, who developed the theory of Marxism, addressing the class struggle and advocating for a society without classes.

Abolished

Formally put an end to a system, practice, institution, or law.