At Emerson Company one bookkeeper prepares the cash deposits
At Emerson Company, one bookkeeper prepares the cash deposits while the other bookkeeper enters the collections in the journal and ledger. Which of the following is the best explanation of this type of internal control principle over cash receipts?
| Documentation procedures. |
Solution
d) Segregation of duties
since there are different people assigned for collection and book keeping it is best example of segregation of duties
