Which of the Following Is Not One of the Controls

question 77

Multiple Choice

Which of the following is not one of the controls for the mail room where customer payments are commingled with other mail?

• A) Requiring the controller to be personally present when mail is received and opened
• B) Preparing a remittance list as mail is opened
• C) Restrictively endorsing checks when received
• D) Requiring two mail room clerks to open mail together

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Definitions:

Accounting Information

Data generated from the accounting processes of a company, including financial statements and records that inform stakeholders about its financial performance.

Business Entities

Legal structures that are allowed to engage in business, such as corporations, partnerships, and sole proprietorships.

Liabilities

Financial obligations or debts owed by a business to creditors, which must be settled over time through the transfer of assets, provision of services, or other economic benefits.

Assets

Resources owned by a company that have future economic value that can be measured and can be used to generate income.