Which of the Following Is the Last Step in the Daily

question 131

Multiple Choice

Which of the following is the last step in the daily control over cash receipts by mail?

• A) A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit.
• B) A mailroom clerk opens the mail and sends the remittance advices to the accounting department.
• C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to cash from the accounting department.
• D) The accounting department prepares journal entries to cash and the customers' accounts.

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Definitions:

Improve Performance

Strategies and methods aimed at enhancing the efficiency, effectiveness, and skill level of an individual or organization.

Skill

The ability to do something well, typically resulting from talent, training, or practice.

Luck

The experience of notably positive, negative, or improbable events influenced by chance.