Which of the Following Is an Accurate Statement Regarding Cash

question 2

Multiple Choice

Which of the following is an accurate statement regarding cash receipts over the counter?

• A) The point-of-sale terminal electronically transmits a record of the sale to the store's main computer.
• B) Employees should take the deposit to the bank.
• C) The cashier should reconcile the electronic record of the sales per the terminal to the record of cash received.
• D) Point-of-sale terminals cannot assist in inventory control.

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Definitions:

Individuals

Single human beings, considered separately from society or as distinct entities with personal interests and responsibilities.

Fallacy of Composition

The error of assuming that what is true of a part is necessarily true of the whole.

Prosperity

A state of economic well-being characterized by high levels of income, employment, and production.

Depression

A severe and prolonged reduction in economic activity as occurred during the 1930s