Standard control procedures over customer remittances, Ask an Expert

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Standard control procedures over customer remittances received through the mail include having the mailroom personnel:

a. forward the remittances, unopened, directly to the cashier.

b. open the mail, restrictively endorse the checks, and then list each remittance on a multicopy prelist.

c. forward the remittances, unopened, directly to the accounts receivable clerk.

d. open the mail, restrictively endorse the checks, then forward the remittances directly to the cashier.

e. None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944353

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