Internal Control Procedures for Cash Receipts Require

question 17

Multiple Choice

Internal control procedures for cash receipts require:

• A) Separation of custody of cash receipts from their recordkeeping.
• B) In-store cash sales be recorded on a cash register at the time of each sale.
• C) All cheques to be numbered in sequence.
• D) Separation of custody of cash receipts from its recordkeeping and in-store cash sales be recorded on a cash register at the time of each sale.
• E) All of these answers are correct.

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