In: Accounting
Ans - Separation of cash payments from cash disbursement function (Option 'a')
A major reason why cash misappropriations takes place in a company is because of poor handling of cash dealings. One of the most important internal cash control practice is Segregating duties related to cash transactions. Cash dealings such as duties related to Cash disbursements, cash payments, cash deposits in bank etc should be performed by separate individuals as one person's task is getting checked by another and there is less scope of stealing. But if a single person handles all cash related duties than it becomes very easy to alter books and misapprapriate cash.
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