Internal Control Procedures for Cash Receipts Do Not Require That

question 27

Multiple Choice

Internal control procedures for cash receipts do not require that:

• A)Custody over cash is kept separate from its recordkeeping.
• B)All collections for sales are received immediately upon making the sales.
• C)Clerks having access to cash in a cash register should not have access to the register tape or file.
• D)An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.
• E)Cash sales should be recorded on a cash register at the time of each sale.

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