Asked by Cassandra Baitley on May 22, 2024
Verified
As soon as cash money is received in the office,it should be:
A) stored in an envelope on the reception desk
B) placed out of sight in a secure location
C) deposited in a savings account
D) deposited in a checking account
Secure Location
A place that has been made safe against unauthorized access, attack, or other threats.
Cash Money
Physical money in the form of banknotes and coins, as opposed to electronic or digital forms of currency.
Checking Account
A bank account that allows the depositor to withdraw funds using checks or electronic debit, traditionally used for daily transactions.
- Acquire knowledge on the processes and criticality of secure check and cash processing.
Verified Answer
WT
warren thrasherMay 25, 2024
Final Answer :
B
Explanation :
Placing cash out of sight in a secure location minimizes the risk of theft or loss until it can be properly deposited in a bank account.
Learning Objectives
- Acquire knowledge on the processes and criticality of secure check and cash processing.