Final answer:
The person who records the receipts in the Cash Journal should not be the Accountant.
Step-by-step explanation:
The correct answer is d. Accountant. The person who records the receipts in the Cash Journal should not be the Accountant. The Accountant is responsible for reviewing and analyzing financial data, preparing financial reports, and ensuring accuracy and compliance with accounting principles.
While the CEO, Sales Manager, and Cashier all have some involvement with transactions and cash handling, it is essential to have a separation of duties to prevent fraud or errors. By having a different person, such as an Accountant, record the receipts in the Cash Journal, it provides an internal control measure to reduce the risk of misappropriation of funds or manipulation of financial records.
Therefore, the Accountant should not be the person who records the receipts in the Cash Journal.