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.

---

Definitions:

Franchisor's Property

Assets, trademarks, or intellectual property owned by the franchisor that are licensed to franchisees under a franchise agreement.

Franchise Territory

a specified geographic area granted to a franchisee in which they have the rights to operate and market the franchisor's business.

Franchise Contract

A legal agreement granting someone the right to operate a business using the franchisor's brand, system, and support for a specified period.

Territory Determination

The process of defining geographic boundaries or areas for legal, administrative, or other purposes.