Having different individuals receive cash record cash receipts and hold the cash is an example of

A) establishment of responsibility.
B) segregation of duties.
C) documentation procedures.
D) independent internal verification.

Segregation Of Duties

A preventive internal control mechanism designed to reduce the risk of fraud and errors by ensuring that no single individual has control over all phases of a transaction or operation.

Cash Receipts

The collection of money, including coins, notes, check payments, or money orders, received by a business during a given period.

Internal Control

Internal control comprises the policies and procedures implemented by a company to safeguard its assets, ensure financial reporting accuracy, and comply with laws and regulations.