Answer
1) Segregation of record-keeping from physical custody.
2) Documentation procedures, and
3) Independent internal verification.
Work Step by Step
The principles involved in making daily cash counts of over-the-counter receipts.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 7 - Fraud, Internal Control, and Cash - Questions - Page 372: 15
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
