Principles of Control Activities Video Lessons

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Problem: Which of the following is not an example of internal control over cash? a. Preparation of a cash budget. b. Daily deposits of cash receipts at the bank. c. Combining the functions of signing checks with approval of expenditures. d. Preparation of bank reconciliation.

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Problem Details

Which of the following is not an example of internal control over cash?

a. Preparation of a cash budget.

b. Daily deposits of cash receipts at the bank.

c. Combining the functions of signing checks with approval of expenditures.

d. Preparation of bank reconciliation.

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Based on our data, we think this problem is relevant for Professor Lanigan's class at University of Detroit Mercy.