Separating the Custody of Assets from Accounting Implies That the Accountants

question 75

True/False

Separating the custody of assets from accounting implies that the accountants must not handle cash and the cashier must not have access to the accounting records.

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Definitions:

Sigmund Freud

A neurologist from Austria who established psychoanalysis as a technique for addressing mental disorders through conversational therapy between a psychoanalyst and their patient.

Mood Disorders

A category of mental health disorders that primarily affect a person’s emotional state, causing disturbances that can significantly impact daily living.

Anxiety Disorders

A group of mental health disorders characterized by significant feelings of anxiety and fear that interfere with daily activities.

Obsessive-Compulsive Disorder

A mental disorder characterized by recurring, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels compelled to perform.