Question

Which of the following is used by companies to separate cash duties and establish stronger control over cash receipts?

1) Cash register
2) Cashier
3) Cash drawer
4) Cashier's check

Answer 1

Companies use cash registers to separate cash duties and establish stronger control over cash receipts.

Step-by-step explanation:

The correct answer is option 1) Cash register. Companies use cash registers to separate cash duties and establish stronger control over cash receipts. A cash register is a device that records and stores cash transactions made at a point of sale. It helps track the amount of cash received and provides a detailed record of each transaction.

Cashier is a person who handles cash transactions and operates the cash register. They are responsible for correctly processing payments, handling cash, and providing change to customers.

Cash drawer is a compartment within the cash register where cash is stored. It can be opened only by authorized personnel, such as cashiers. It helps secure the cash and prevents unauthorized access.

Cashier's check is a type of payment instrument issued by a bank. It is used for larger transactions and provides a guaranteed payment to the payee.