Which Statement Is FALSE

question 22

Multiple Choice

Which statement is FALSE?

• A)The bookkeeper should not handle incoming checks from customers.
• B)Cashiers should not have access to the accounting records.
• C)The treasurer's department should be in charge of handling customers' incoming checks,signing checks and approving payments.
• D)The accounting department should be in charge of record keeping and depositing customers' checks.

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Definitions:

Voting Trust

An arrangement transferring shareholders' voting rights to trustees, often used to consolidate control of a company.

Corporation's Offices

Formal premises or spaces designated for the operation and administration of a corporation.

Inspection

The act of examining something or someone closely to ensure they meet specified standards.

Special Meeting

A gathering called for a specific purpose, outside of regular or scheduled meetings, often requiring a certain protocol for notification and agenda.