Each of the following measures strengthens internal controlover cash receipts except:a. Factoring accounts receivable.b. Preparation of a daily listing of all checks receivedthrough the mail.c. The deposit of cash receipts in the bank on a daily basis.d. The use of cash registers.
Each of the following measures strengthens internal controlover cash receipts except:a. Factoring accounts receivable.b. Preparation of a daily listing of all checks receivedthrough the mail.c. The deposit of cash receipts in the bank on a daily basis.d. The use of cash registers.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 27CYBK
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Each of the following measures strengthens internal control
over cash receipts except:
a. Factoring accounts receivable.
b. Preparation of a daily listing of all checks received
through the mail.
c. The deposit of cash receipts in the bank on a daily basis.
d. The use of cash registers.
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