Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Having different individuals receive cash, record cash receipts, and hold the cash is an example of what?

A. establishment of responsibility.

B. segregation of duties.

C. documentation procedures.

D. independent internal verification.

Accounting Financial Accounting Finance
user-image
Question added by Sultan Alghamdi
Date Posted: 2016/02/19
Upvote (0) Views (6) Followers (4) Answers (3) Report Question
Write an Answer
Register now or log in to answer.
emeke Kelvin akpati
by emeke Kelvin akpati , Internal Auditor , HONEYWELL GROUP/ANCHORAGE LEISURE’S LIMITED COMPANY (RADISSON BLU ANCHORAGE HOTEL)

B. Segregation of duties. Accounting controls recommend that duties should be separated so that chances of fraud are reduced.

MUHAMMAD ETIMAD SYED
by MUHAMMAD ETIMAD SYED , Senior Financial Accountant , TA'AZ Group of Companies

It will be considered as segregation of duties. Option B is correct

Md. Shahrier Aswad
by Md. Shahrier Aswad , Accounts Officer, Finance & Accounts Department , Center for the Rehabilitaion of the Paralysed (CRP)

Segregation of Duties to Strengthen Internal Control System of Accounting.

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help