Which of the Following Is the Last Step in the Daily

question 140

Multiple Choice

Which of the following is the last step in the daily control over cash receipts by mail?

• A) A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit.
• B) The controller opens the mail and sends the remittance advices to the accounting department.
• C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to Cash from the accounting department.
• D) The accounting department prepares journal entries to cash and the customers' accounts.

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Definitions:

Triangulation

A method used in research to increase credibility by combining multiple perspectives, data sources, or methodologies to study a single phenomenon.

Research Methods

Various strategies, techniques, and procedures used to investigate specific questions and test hypotheses in scientific studies.

Hypothesis Testing

A method in scientific research where an hypothesis is proposed and then tested through experimentation or observation to determine its validity.

Applied Research

A type of research intended to solve practical problems by applying scientific principles and theories.