With Regard to Customer Checks Received by Mail,which Statement Is

question 96

Multiple Choice

With regard to customer checks received by mail,which statement is TRUE?

• A)The Debit to Cash by the Accounting Department should equal the amount deposited in the bank by the mailroom employee.
• B)The customers' Accounts Receivable accounts should be adjusted by the Treasury Department for the payments received.
• C)The controller compares the customers' checks to the remittance advices sent from the mailroom.
• D)The Accounting Department handles the bookkeeping part and the cashier in the Treasurer's Department deposits the checks in the bank.

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Definitions:

Minimised

Reduced to the smallest possible size, amount, degree, or level.

Larger Scheme

A broader or more comprehensive plan or ambition that smaller actions or ideas contribute towards.

Expectancy Theory

A psychological theory proposing that individuals are motivated to act in certain ways based on their expectations of outcomes and the attractiveness of those outcomes.

Incentive System

A business tool designed to motivate and reward employees to achieve higher levels of performance.