Effective Internal Controls for Cash Include

question 99

Multiple Choice

Effective internal controls for cash include

• A)disbursements made by prenumbered check.
• B)cash deposited in the bank on a timely basis.
• C)written cash receipts given to customers as evidence of payment.
• D)all of these answer choices are correct.

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Definitions:

Eyewitness Testimony

The account given by people of an event they have witnessed, often used as evidence in the legal system.

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The conviction of individuals for crimes they did not commit due to errors in the criminal justice process, often leading to imprisonment.

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The degree to which a measurement, calculation, or action correctly reflects or represents the intended target, goal, or standard.

Surprise Test

An unplanned examination given to students without prior notice, primarily used to assess their ongoing understanding of the subject matter.