Question

Good internal control for cash receipts would include having the __________ compare the record of cash sales per the register with the count sheets and bank deposit slip returned by the bank.

Answer 1

A good internal control for cash receipts involves the cashier comparing the record of cash sales with count sheets and bank deposit slip.

Step-by-step explanation:

Good internal control for cash receipts would include having the cashier compare the record of cash sales per the register with the count sheets and bank deposit slip returned by the bank.

This control helps ensure that the amount recorded in the register matches the amount deposited in the bank and that all cash sales are properly accounted for. By comparing the count sheets and deposit slip, any discrepancies or errors can be identified and investigated.