In a Revenue Cycle with Proper Controls,the ________ Who Reports

question 69

Multiple Choice

In a revenue cycle with proper controls,the ________ who reports to the ________,is not involved in any cash handling activities.

• A)accounts receivable clerk;treasurer
• B)accounts receivable clerk;controller
• C)cashier;controller
• D)cashier;treasurer

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Definitions:

Similarities

Aspects or characteristics that are alike between two or more entities or objects.

Consolidated Financial Statements

Financial statements that show the combined financial position and results of operations of a parent company and its subsidiaries.

Combined Reporting

A method used in corporate taxation that combines the tax reports of related companies into one comprehensive report.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning assets, incurring debts, and entering into contracts.