Question

Which of the

following is a
procedural best
practice in
accounting cash
control?
A. rotating roles
B. digital transactions
C. cash payments
D. shared responsibility

Answer 1

Shared responsibility is a procedural best practice in accounting cash control where multiple individuals are involved in handling and controlling the cash to reduce the risk of fraud or errors.

Step-by-step explanation:

The procedural best practice in accounting cash control is shared responsibility. This means that multiple individuals are involved in handling and controlling the cash to reduce the risk of fraud or errors. By having more than one person responsible, it creates a system of checks and balances. For example, one person may handle receiving cash from customers while another person records and verifies the transaction.

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