Question

The prelisting of cash receipts should be prepared by the individual who has primary responsibility for the recording of cash receipts.

A) True
B) False

Answer 1

The prelisting of cash receipts should be prepared by the individual who has primary responsibility for the recording of cash receipts. This ensures accuracy and accountability.

Step-by-step explanation:

The prelisting of cash receipts should be prepared by the individual who has primary responsibility for the recording of cash receipts.

This ensures that the prelisting is accurate and reflects the actual cash received.

For example, if a company has multiple cashiers, each cashier should prepare their own prelisting to track the cash they receive.