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".

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Definitions:

Hormones

Chemical messengers secreted by endocrine glands that regulate various physiological processes and behaviors.

Pre-Transcriptional

Pertaining to the regulatory events in gene expression that occur before the transcription of DNA to mRNA.

Histones

Proteins around which DNA winds, playing a crucial role in chromosome structure and gene regulation.

DNA Methylation

A biochemical process involving the addition of a methyl group to the DNA molecule, influencing gene expression without changing the DNA sequence.