What Is One Way to Segregate Duties to Improve Controls

question 98

Multiple Choice

What is one way to segregate duties to improve controls over cash?

• A)Request all customers to pay in cash.
• B)Separate sales employees from employees who book the accounting entries.
• C)Request all customers to pay by cheques made payable to "CASH."
• D)Have the employee who is responsible for making cash deposits to the bank also do the bank reconciliations.

---

Definitions:

Needy Families

Refers to households lacking sufficient income or resources to meet basic living expenses, such as food, clothing, and shelter.

Welfare Benefits

Financial assistance provided by government agencies to individuals or families in need, aimed at ensuring a minimum standard of living.

Income Inequality

Income inequality refers to the extent to which income is distributed unevenly among a population.

Income Levels

The different tiers of annual income among individuals or households, often categorized to analyze economic inequality, spending habits, or tax policies.