The Bookkeeper Opens the Mail,deposits Any Checks Received in the Bank,and

question 93

Multiple Choice

The bookkeeper opens the mail,deposits any checks received in the bank,and updates the company's accounts receivable.This is an internal control ________.

• A)strength
• B)weakness
• C)regulation
• D)suggestion

---

Definitions:

Accounts Payable

Liabilities representing money owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Accounting Information System

An Accounting Information System is a structured framework used to collect, store, manage, process, retrieve, and report financial data.

Cost Effective

This term refers to an approach or solution that provides the best possible outcome or value for the money spent, often used in evaluating projects or investments.

Cash Receipts Journal

A special journal that records all cash received.