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Identify the internal control principle below with the appropriate cash receipts procedure described. ...

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Accounting

Identify the internal control principle below with the appropriate cash receipts procedure described.

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Identify the internal control principle below with the appropriate cash receipts procedure described. 1. Only designated personnel are authorized to handle cash receipts 2. Different individuals receive cash and record cash receipts 3. Use remittance advice and cash register tapes. Documentation Procedures Physical Controls Human Resource Controls Establishment of Responsibility Segregation of Duties Independent Internal Verification 4. Store cash in safes and bank vaults. 5. Treasurer compares total receipts to bank deposits daily. 6. Bonding of employees that handle cash

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