Problem

The most effective way to prevent an employee from misappropriating cash and then altering...

The most effective way to prevent an employee from misappropriating cash and then altering the accounting records to conceal the shortage is to

a. perform bank reconciliations on a timely basis.


b. deposit promptly all cash receipts in the company’s bank account.


c. prenumber all cash receipts documents.


d. enforce a segregation of duties between employees who have custody of cash receipts and those who account for them.

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