In a Sound System of Internal Control, Cash Receipts Should

question 10

True/False

In a sound system of internal control, cash receipts should be deposited daily.

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Definitions:

Nondeclarative

Referring to memory that is expressed through performance rather than conscious recollection, such as skills and habits.

Declarative

Pertaining to memories that can be consciously recalled, such as facts and events.

Memory

The cognitive process enabling humans and other animals to store, retain, and subsequently retrieve information.

Short-term Memory

The aptitude to keep a minor quantity of data immediately accessible and in an active status for a short time frame.