Which of the following is not an internal control activity for cash? a. the functions of cash record keeping and cash custody should be combined. b. the number of persons who have access to cash should be limited. c. bank accounts should be reconciled at least monthly. d. all cash receipts should be correctly documented according to the amount and reason.

Option A) the functions of cash record keeping and cash custody should be combined is not an internal control activity for cash.

Explanation:

Internal control activity for cash are the procedures which are taken by a firm to prevent losses from the accounting errors or due to the fraud by the firm's employees.

In these procedures , a firm would limit the access of cash to only limited personal , so that there are less chances of fraud by employees. Reconciling the banks accounts at least every month would help in preventing accounting errors and by documenting all cash receipts correctly , accounting errors can be prevented but combining cash record keeping and custody is not an control activity.

answer is i don't know

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.