Response to the following questions:
1. Why should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records? Explain.
a. added to the cash balance according to the company's records.
b. deducted from the cash balance according to the company's records.
2. Before a voucher for the purchase of merchandise is approved for payment, supporting documents should be compared to verify the accuracy of the liability. Give an example of a supporting document for the purchase of merchandise.