Which of the following is not a feature of good internal accounting control over cash?
Select one:
A. Cash is handled separately from the recording of cash transactions.
B. Most bills are paid with paper currency and coins to minimize the bank service charges.
C. A bank reconciliation is prepared when each bank statement is received.
D. All cash receipts are deposited in the bank each day.
B. Most bills are paid with paper currency and coins to minimize the bank service charges.
Business
You might also like to view...
In the classic linear approach to new product development, the first step of the new product development process is idea generation
Indicate whether the statement is true or false
Business
The SEC requires compensation information about the CEO and how many of the highest paid executives?
A) 10 B) 7 C) 4 D) 2
Business