Flashcards in Statement - Safekeeping Records Deck (5)
What is a way to Backup Journal and Ledgers?
Can be kept in a fireproof vault or in a secure office
What is a way to back up Accounting Records on a computer system?
all important files backed up each night and kept in a fireproof vault or taken off site by a designated employee
What is a way to back up all records that cannot be replaced easily in the case of a fire
Insurance to cover the loss and replacement of such records.
What is a way to back up Handling of cash by employees and transporting cash to bank.
Bonding of employees and insurance to cover loss or theft of cash.