Which of the following is not an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded.
B) The store clerk deposits the cash in the bank.
C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales.
D) The cash draw opens after the store clerk enters a transaction.
B
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Which one of the following statements is true of employee benefits?
A. Employees generally have a thorough understanding of what benefits they have and what the market value of these benefits is. B. Employees significantly underestimate the cost and value of their benefits. C. Employers do an effective job of communicating the cost and value of benefits to their employees. D. Employees, for the most part, are just not interested in their benefits. E. Employers have very limited options for communicating information about benefits.
What is the primary difference between ARCH models and GARCH models?
What will be an ideal response?