ACCT 444 Week 5 Quiz
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the sales<br />
and<br />
collection<br />
cycle is<br />
the<br />
separation<br />
of duties<br />
between<br />
cash<br />
handling<br />
and<br />
record<br />
keeping.<br />
The<br />
objective<br />
most<br />
directly<br />
associated<br />
with this<br />
control is<br />
to verify<br />
that<br />
(Points :<br />
3)<br />
cash receipts recorded in the cash receipts journal are reasonable.<br />
cash receipts are properly classified.<br />
recorded cash receipts result from legitimate transactions.<br />
existing cash receipts are recorded.<br />
10. (TCO 9)<br />
Which one<br />
of the<br />
following<br />
would the<br />
auditor<br />
consider to<br />
be an<br />
incompatible<br />
operation if<br />
the cashier<br />
receives<br />
remittances<br />
from the
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