What is necessary to accompany funds given to the bookkeeper?

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When funds are given to the bookkeeper, providing a receipt is essential as it serves as formal documentation of the transaction. A receipt not only confirms that the funds were received, but it also provides evidence for both the giver and the bookkeeper for tracking and accounting purposes. This documentation is important for maintaining accurate financial records and ensuring accountability in financial practices.

The use of a receipt aligns with standard accounting principles, where documentation for all transactions is necessary to uphold transparency and facilitate audits, should they arise. It provides a clear paper trail, which is vital in finance-related activities where cash flow and resource management are under scrutiny.

In contrast, the other options—verbal confirmation, a slip of paper, and a logged deposit form—do not establish a formal record of the transaction. While they may serve other purposes or in specific informal contexts, they lack the comprehensive tracking and evidence that a receipt provides, which makes the latter the correct and preferred choice in a professional bookkeeping environment.

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