Sound personell procedures
Limited access to assets
A sound marketing plan
Separation of duties
Rotate employees through various jobs
The accounting department compares goods received with the related purchase order
Employees must take vacations
The mailroom clerk records daily cash receipts in the journal
Deposits in transit
Bank collection of notes receivable
Bank service charge
NSF check
Increase supplies 36
Decrease cash 36
Decrease supplies 36
Both a and b
Developing a plan for increasing sales
Ensuring accurate cash records
Helping to determine whether additional cash is available for investments or new financing is needed
All of the above
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.