When Cash Is Received by Mail

question 100

Multiple Choice

When cash is received by mail:

• A) the mailroom sends all customer checks to the treasurer, who has the cashier deposit the money in the bank.
• B) the journal entries are made by the controller.
• C) the mailroom compares the deposit to the journal entry made.
• D) all of the above occur.

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Definitions:

Personal Identification Number

A numeric password used to secure and access personal accounts, typically associated with banking or secure systems.

Proactive Interference

Proactive interference occurs when old information hinders the recall of newly learned information, reflecting a limitation in human memory processing.

Personal Identification Number

A unique numeric password used to secure access to a device or system, often associated with banking and security systems.

Old PIN

Traditionally, this refers to a previously used Personal Identification Number, often associated with secure access systems.