Proper control for over-the-counter cash receipts includesGroup of answer choicesusing electronic cash registers with no tapes.a cash register with totals visible to the customer.cash count sheets requiring only the cashier's signature.cash count sheets requiring only the supervisor's signature.
Question
Proper control for over-the-counter cash receipts includesGroup of answer choicesusing electronic cash registers with no tapes.a cash register with totals visible to the customer.cash count sheets requiring only the cashier's signature.cash count sheets requiring only the supervisor's signature.
Solution
The proper control for over-the-counter cash receipts includes using a cash register with totals visible to the customer. This is because it allows the customer to verify the amount of cash received and the change given, reducing the chances of errors or fraud. It also promotes transparency and trust between the business and its customers.
Similar Questions
Select all that applyIdentify the examples of good internal control designed to protect over-the-counter cash receipts.Multiple select question.Clerks should be required to give the customer a receipt for each sale.The clerk and the cashier have access to cash, but not to the accounting records.The clerk who has access to cash in the register should have access to its locked-in record.The cash register should hold a temporary record of the transaction.
What features of cash receipt internal control system would be expected to prevent the cash receipts journal and recorded cash sales from reflecting more than the amount shown on the daily deposit slip? * The shipping department then packs the merchandise, arranges transportation with a common carrier, and prepares a shipping document. The shipping document is a multi-copy document that lists the items, gives instructions to the common carrier as to whom and to what the address to ship the merchandise, and may serve as a packing slip for the merchandise. Copies of the shipping document are given to the carrier, and copies are sent to the billing department. All of the above
hich of the following is an internal control for checks received through the mail?Multiple ChoiceThe cashier prepares a journal entry to record price, quantity sold, and cash received.The accounting department counts the cash, prepares the deposit slip and deposits the cash in the bank.The accounting department compares the cash in the register with the cash count sheet.The mail clerk gives checks and money orders to the person who makes the bank deposit.
Select all that applyIdentify the examples of good internal controls designed to protect cash received in the mail.Multiple select question.The cashier records the amounts received in the accounting records.The recordkeeper and the person who reconciles the bank balance do not have access to cash.The bank balance is reconciled by the person(s) opening the mail.Two people are assigned the task of, and are present for, opening the mail.
A cash prelist isSelect one:a.none of the mentioned choicesb.a document that records sales returns and allowancesc.a document returned by customers with their paymentsd.the source of information used to prepare monthly statements
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