Ask Question
BusinessBusiness
25 April, 16:31

An organization has a policy requiring the dual counting of all incoming cash receipts. Which control activity is being used here?

+5
Answers (1)
  1. 25 April, 16:43
    0
    B) Segregation of duties

    Explanation:

    Segregation of duties refers to a system of internal control where more than one person is required to complete a task. This means that at least two people will share the responsibility of properly taking care of specific activities, which reduces the probability of fraud being committed. For example, it is normal that cashiers are responsible for the amount of money they receive, but there is also another person who is responsible for checking that the cashiers' balances are correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An organization has a policy requiring the dual counting of all incoming cash receipts. Which control activity is being used here? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
As the cover letter increases in importance, will there be a time when people will not bother to write a résumé?
Answers (1)
In the context of market research, identify a disadvantage of using primary data for data collection.
Answers (1)
Catarina believes that she's responsible for her own successes and failures. She has:
Answers (1)
10) When the economy suffers a temporary negative supply shock and the monetary policy makers try to stabilize economic activity in the short run, then A) inflation rate will be higher. B) output will be at its potential.
Answers (1)
Occurs if you obtain a list of residents aged 50 and over in your city. you send out a mailer to each one where you outline the services your business offers.
Answers (1)
New Questions in Business
The Wheeler-Lea Act empowered the FTC to regulate the advertising of food and drugs. It declared all misleading, unfair, or deceptive practices to be illegal, regardless of injury to competition. a. True b. False
Answers (1)
Along with higher return comes
Answers (1)
Kalyan Corporation uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 1,800 20 %
Answers (1)
Pager, a simple personal device for short messages, became famous in the 1990s. Troveron Communications launched a pager in the early twenty-first century.
Answers (1)
A farmer wakes up one morning and sees a large circular area of land on his farm that is sunken. what may be the problem?
Answers (1)
Home » Business » An organization has a policy requiring the dual counting of all incoming cash receipts. Which control activity is being used here?
Sign Up Forgot Password?