Business, 16.03.2020 18:35 raquelle66

A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash
disbursements. Identify each of the following statements as either true or false regarding this protection.

a. A basic guideline for safeguarding cash is that all cash receipts be deposited weekly or monthly.

b. A voucher system of control is a control system exclusively for cash receipts.

c. A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those
who keep cash records.

d. A petty cash system is not a control procedure for safeguarding cash.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 04:40

Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy

Answers: 3

Answer

Business, 22.06.2019 08:40

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Answers: 2

Answer

Business, 22.06.2019 10:30

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Answers: 1

Answer

Business, 22.06.2019 23:00

Acollege registrar's office requires you to first visit with one of three advisors and then with one of two financial professionals. this system best described as which of the following? a. single server, single phase systemb. multiple server multiphase systemc. multiple server, cross phase systemd. single server, multiphase systeme. multiple server, single phase system

Answers: 2

Answer

You know the right answer?

A good system of internal control for cash provides adequate procedures for protecting both cash rec...

Questions