Which of the Following Documents Is Used in the Control

question 189

Multiple Choice

Which of the following documents is used in the control of cash receipts?

• A)canceled checks
• B)outstanding checks
• C)bank deposit slips
• D)bank debit memos

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Definitions:

Firms

Business entities engaged in commercial, industrial, or professional activities with the aim of generating profits.

Ethics Check

A process or checklist used to ensure decisions or actions comply with ethical standards or principles.

Ethical Shortcomings

Refers to lapses or deficiencies in ethical behavior and decision-making by individuals or organizations.

Decision-making Process

A systematic sequence of steps that starts with identifying a problem or opportunity and ends with a final choice among alternatives.