The Duties of Cashier and Accounts?receivable Bookkeeper Should Be Separated

question 29

Multiple Choice

The duties of cashier and accounts?receivable bookkeeper should be separated.

• A)There are two cashiers.At the end of a certain day, there is a sizable cash shortage; each cashier blames the other and it is impossible to fix responsibility
• B)A cash shortage is covered by overfooting (overadding)cash in transit on the bank reconciliation
• C)A cash shortage is covered by charging it to "Miscellaneous General Expenses"
• D)Customers who paid their accounts in cash complain that they still receive statements of balances due
• E)The accounts?receivable bookkeeper charges off the accounts of friends to "Allowance for Uncollectible Accounts"

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Definitions:

Smaller Range

Smaller range refers to a narrower interval between the smallest and largest values in a data set, indicating less variability among the data points.

Test Statistic

A metric derived from sample information in a hypothesis test, utilized to determine the rejection of the null hypothesis.

Null Hypothesis

A statistical hypothesis that assumes no difference or effect in a particular situation, often set to be tested against an alternative hypothesis.

Level of Significance

Typically denotes the threshold under which the null hypothesis is rejected, often identical to the significance level.