Problem

Which of the following is not a universal rule for achieving strong internal control over...

Which of the following is not a universal rule for achieving strong internal control over cash?

a. Separate the cash-handling and record-keeping functions.


b. Decentralize the receiving of cash as much as possible.


c. Deposit each day’s cash receipts by the end of the day.


d. Have bank reconciliations performed by employees independent with respect to handling cash.

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