Which of the following is not a reason why it is especially important for companies to have internal controls over cash?
A. Most businesses accept remote sources of payment on account.
B. The volume of cash transactions is enormous.
C. Cash is portable.
D. There is a high risk of theft of cash.
Answer:A
Which of the following is not a reason why it is especially important for companies to have internal controls over cash?
A. Most businesses accept remote sources of payment on account. B. The volume of cash transactions is enormous. C. Cash is portable. D. There is a high risk of theft of cash.