Which of the Following Represent Good Internal Control Procedures Concerning

question 97

Multiple Choice

Which of the following represent good internal control procedures concerning cash receipts?

• A) Cash should be deposited only at the end of the month.
• B) Cash receipts should be posted to the Accounts Receivable account at the end of the month.
• C) Designate a specific employee to open mail, handle cash, and record the cash.
• D) Endorse checks immediately upon receipt with the stamp, "For Deposit Only".

---

Definitions:

Numerical Ability

The capacity to use and understand numbers, including the skill to perform arithmetic operations, understand their use in quantifying objects, and recognizing their symbols.

Intelligence Test

A standardized assessment designed to measure a person's cognitive abilities, intelligence quotient (IQ), and potential.

Wechsler Adult Intelligence Scale

A standardized test designed to measure the intelligence and cognitive ability of adults and older adolescents.

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.