Ask Question
BusinessBusiness
7 October, 14:37

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

+2
Answers (1)
  1. 7 October, 17:57
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In the market for breakfast cereal, the market is currently in equilibrium. suddenly there is a storm that destroys the wheat that farmers had been growing for the cereal manufacturer. what will happen to the cereal market after the storm?
Answers (1)
Batson Company produces Trivets. Based on its master budget, the company should produce 1,000 Trivets each month, working 2,500 direct labor hours. During May, only 900 Trivets were produced. The company worked 2,400 direct labor hours.
Answers (1)
Two board groups within the human services industry include workers, who have direct contact with clients, and ___ who have little or no contact with clients
Answers (1)
What might be considered an example of a ruthless business tactic?
Answers (1)
You are planning to purchase displays for your store which has 2,400 sq ft of selling space. Each display has a footprint of 10 ft x 4 ft. You want to leave 60% open space in your store for walking around. How many displays can you fit?
Answers (1)
New Questions in Business
The chart of accounts is a a. group of accounts for a business. b. list of the accounts in the ledger. c. list of all the accounts with their balances. d. list of all income and expense accounts.
Answers (1)
Michael Glock was the policyowner-insured of a $50,000 participating whole life insurance policy with a $50,000 accidental death benefit (ADB) rider. Mr. Glock's $750 annual premium was due on March 13, 2015. On March 24, Mr.
Answers (1)
Of the following duties, it is most important to separate a. accounts payable and accounts receivable b. warehouse from inventory control c. warehouse from stores d. purchasing and accounts receivable
Answers (1)
On march 25, 1911, a fire in the triangle shirtwaist factory in new york city claimed the lives of 146 female workers.
Answers (1)
True or false: economizing behavior involves choosing the option that brings the greatest satisfaction at the least cost.
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?