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In the final step of the control process the controller compares the records of the day's cash receipts, as follows: (What would the controller look at to see the amount of cash that went into the bank, and who would provide him with the backup?) 1. amount from the (What would the controller look at to see what was recorded by the Company, and who would provide him with the data?) from the 2. This comparison ensures

In the final step of the control process the controller compares the records of the day's cash receipts, as follows: (What would the controller look at to see the amount of cash that went into the bank, and who would provide him with the backup?) 1. amount from the (What would the controller look at to see what was recorded by the Company, and who would provide him with the data?) from the 2. This comparison ensures

Pkg Acc Infor Systems MS VISIO CD
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter11: The Billing/accounts Receivable/cash receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 2SP
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Review the internal controls over cash receipts by mail. Exactly what is accomplished by the final step in the process, performed by the controller? In the final step of the control process the controller compares the records of the day's cash receipts, as follows: (What would the controller look at to see the amount of cash that went into the bank, and who would provide him with the backup?) 1. amount from the (What would the controller look at to see what was recorded by the Company, and who would provide him with the data?) 2. from the This comparison ensures
Transcribed Image Text:Review the internal controls over cash receipts by mail. Exactly what is accomplished by the final step in the process, performed by the controller? In the final step of the control process the controller compares the records of the day's cash receipts, as follows: (What would the controller look at to see the amount of cash that went into the bank, and who would provide him with the backup?) 1. amount from the (What would the controller look at to see what was recorded by the Company, and who would provide him with the data?) 2. from the This comparison ensures
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