Having different individuals receive cash, record cash receipts, and hold the cash is an example of what?

Question

A. establishment of responsibility.

B. segregation of duties.

C. documentation procedures.

D. independent internal verification.

emeke Kelvin akpati · Answer

B. Segregation of duties. Accounting controls recommend that duties should be separated so that chances of fraud are reduced.

MUHAMMAD ETIMAD SYED · Answer

It will be considered as segregation of duties. Option B is correct

Md. Shahrier Aswad · Answer

Segregation of Duties to Strengthen Internal Control System of Accounting.