Which of the Following Statement Regarding the Receipt of Cheques

question 20

Multiple Choice

Which of the following statement regarding the receipt of cheques is true?

• A)Cheques received should be stamped or endorsed immediately.
• B)Cheques received should be receipted and deposited by the accounts receivable clerk.
• C)Cheques need not be separated from the remittance advice.
• D)Cheques should be receipted and deposited by the accounts payable clerk.

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Definitions:

Competition

The rivalry among businesses or individuals for resources, recognition, or winning, often drives innovation and improvement.

Collaboration

Working together with one or more people to achieve a common goal, often in a creative and efficient manner.

Avoidance

A conflict management strategy where individuals sidestep or withdraw from potentially contentious or uncomfortable situations.

Meaningful Conversation

An exchange of ideas or dialogue that is impactful, insightful, and fosters a deeper understanding or connection between participants.