Question

To prevent fraud, management should deny cash access to anyone responsible for:

OPENING MAIL FROM CUSTOMERS
ENTERING SALES TRANSACTIONS
ENTERING CASH RECEIPTS TRANSACTIONS
A. Y Y Y
B. N N Y
C. N Y Y
D. Y N N

Answer 1

To prevent fraud, management should deny cash access to individuals responsible for opening mail, entering sales transactions, and entering cash receipts transactions.

Step-by-step explanation:

To prevent fraud, management should deny cash access to anyone responsible for:OPENING MAIL FROM CUSTOMERSENTERING SALES TRANSACTIONSENTERING CASH RECEIPTS TRANSACTIONS.

The correct answer is C. N Y Y.

Denying cash access to individuals responsible for opening mail from customers, entering sales transactions, and entering cash receipts transactions helps mitigate the risk of fraud.