Economics · Cash Management and Internal Control
Internal control over cash receipts concentrates on three main areas. Complete the missing words chronologically: 1. Receipts must be ________ promptly. 2. The record of receipts must be ________. 3. The loss of receipts through theft or accident must be ________.
- 1Banked, Complete, Prevented✓
- 2Spent, Ignored, Shared
- 3Delayed, Kept secret, Insured
- 4Borrowed, Summarized, Doubled
Correct answer
Banked, Complete, Prevented
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