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Question
following cash control procedures, when do cash, checks, and credit cards need to be secured with a combination safe?
at the end of the work week
at the end of the calendar year
at the end of each day
In cash control procedures, to ensure security and proper management of cash, checks, and credit card receipts, they are typically secured in a combination safe at the end of each business day. This daily practice helps in safeguarding the funds, reconciling accounts, and preventing loss or theft, which is more frequent and necessary than weekly or yearly (as business operations and cash inflow/outflow happen daily).
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at the end of each day