Which of the Following Is Not an Internal Control Procedure

question 123

Multiple Choice

Which of the following is not an internal control procedure for the control of cash receipts?

• A)Immediate preparation of records of all cash receipts.
• B)Customers should be given written receipts for all monies paid.
• C)All cash should be deposited frequently.
• D)Use of prenumbered checks.

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Definitions:

Act Utilitarianism

A moral theory that suggests an action is right if it leads to the most happiness for the greatest number of people, evaluating each act separately.

Overall Utility

Refers to the total benefit or satisfaction gained from consuming a good or service, taking into account all aspects of its use.

Moral Philosophy

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Organizational Environment

The external forces, conditions, and entities that affect the operation and strategies of an organization.