To Maintain Effective Controls Over Cash, Who Should Be the First

question 9

Multiple Choice

To maintain effective controls over cash, who should be the first person to handle cash received through the mail?

• A) the accounts receivable clerk
• B) a mail room employee
• C) the controller
• D) the bookkeeper

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Definitions:

Cache Memory

A small, faster type of volatile computer memory that provides high-speed data access to a processor and stores frequently used computer programs, applications, and data.

RAM

Random Access Memory, a form of computer memory that can be read and changed in any order, typically used to store working data and machine code.

ROM

Read-Only Memory, a type of non-volatile storage medium that is programmed with permanent data and instructions that cannot be modified.

Secondary Storage Medium

Non-volatile storage that is not directly accessible by the computer's CPU, such as hard drives, SSDs, or magnetic tape.