Which of the Following Is Not a Procedure for the Control

question 111

Multiple Choice

Which of the following is not a procedure for the control of cash receipts?

• A) Immediate preparation of records of all cash receipts.
• B) Giving customers written receipts for all monies paid.
• C) Using prenumbered checks.
• D) Depositing cash in the bank frequently.

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Definitions:

Pay Scales

A structure of job positions and salaries within an organization, often determined by experience, education, and responsibility level.

Felony

A category of serious crimes that often carry a penalty of imprisonment for more than one year or death.

Common Law

A legal system characterized by judicial decisions that are considered as binding or precedent, alongside statutes and regulations, primarily in England and countries influenced by English law.

Civil Law

A legal system based on written laws or codes, as opposed to common law, which is based on precedent decisions by courts.