Question

g Which of the following is a correct statement regarding control of over-the-counter cash receipts: multiple choice The clerk with access to cash should also have access to the cash account in the general ledger. The cashier should have access to the accounting records. The supervisor should compare the register transactions with the cash receipts report to make sure that both are correct. The clerk and the cashier should work closely together when handling the cash and recording the amount in the accounting records.

Answer 1

Answer:

The supervisor should compare the register transactions with the cash receipts report to make sure that both are correct.

Explanation:

In regards to the control of over-the-counter cash receipts, there should be one person that handles the cash and one recording the transactions in the accounting records as the duties should be separated. According to this, the answer is that the supervisor should compare the register transactions with the cash receipts report to make sure that both are correct as the cashier would handle the cash and the supervisor would register the transactions.

The other options are not right because the duties would not be separated.