asked 219k views
5 votes
How often should the DISBO balance his/her deputy, agent, or cashier?

a. Daily
b. Weekly
c. Monthly
d. Quarterly

1 Answer

0 votes

Final answer:

The DISBO should balance his/her deputy, agent, or cashier daily for accurate and timely reconciliation of accounts and prevention of fraud.

Step-by-step explanation:

When handling financial responsibilities in an organization, it is crucial to maintain a balance and regularly reconcile accounts to ensure accuracy and prevent fraud. Regarding how often the DISBO (Disbursing Officer) should balance his/her deputy, agent, or cashier, best practices suggest that this should be done daily. This ensures that any discrepancies are caught in a timely manner and can be investigated immediately. The frequency of reconciliation may vary depending on the organization's policies, the volume of transactions, and other operational considerations. However, the daily balancing helps in maintaining a clear and up-to-date record of financial transactions.

answered
User Krosan
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