Which of the following is true regarding the deposit of funds?

The statement that all received money should be deposited within 5 business days is accurate because it reflects standard best practices in financial management. Timely depositing of funds is crucial for maintaining accurate financial records, ensuring funds are secured, and enhancing cash flow management. By adhering to a 5-day timeframe, organizations can reduce the risk of loss, fraud, or mismanagement of their funds.

Additionally, timely deposits help in maintaining transparency and accountability, which is important for both organizational integrity and compliance with financial regulations. This practice also aids in proper reconciliation of accounts, making it easier to track and report financial transactions. Overall, following such a policy supports better financial health and operational efficiency for an organization.