Effective Internal Controls for Cash Include

question 5

Multiple Choice

Effective internal controls for cash include:

• A) making cash payments by prenumbered check.
• B) depositing cash in the bank on a timely basis.
• C) giving written cash receipts to customers as evidence of payment.
• D) all of these.

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Definitions:

Supervisees

Individuals who are under the guidance and oversight of a supervisor, especially in professional settings for training or development purposes.

Interpersonal Dynamics

The underlying patterns and interactions between individuals in a social setting, influencing their behaviors and relationships.

Disequilibrium

A state of imbalance or lack of stability, often used in the context of economics, psychology, or physical systems.

Refreezing

The process of stabilizing a group or organization after a change has occurred, to ensure that the new changes are maintained over time.