Which of the Following Is Not a Control That Generally

question 58

Multiple Choice

Which of the following is not a control that generally is established over cash receipts?

• A) To prevent abstraction of cash, a control listing of cash receipts should be prepared by mailroom personnel.
• B) To insure accurate posting, the accounts receivable clerk should post the customers' receipts from customers' checks.
• C) To insure accuracy of the accounts receivable records, the records should be reconciled monthly to the accounts receivable controlling account.
• D) To prevent theft of cash, receipts should be deposited daily.

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Definitions:

Donald Judd

An American artist known for his contributions to Minimalism, characterized by his use of simple, repeated forms and industrial materials.

Visual Vocabulary

The set of elements used by artists to communicate ideas, emotions, and narratives through visual means, including line, color, shape, and texture.

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy.

Developed Countries

Nations with relatively high levels of economic growth and security, characterized by stable governments, a high standard of living, and access to healthcare and education.