These are common rules on internal control over cash receipt and collections.
I. The collecting officer should be familiar with the laws and regulations affecting his work. He should not have access to or responsibility over the accounting records related cash.
II. Adequate records should be maintained and reports regularly submitted
III. Reconciliation of banking transaction should be done by persons other than those responsible for the handling of cash received and deposited
IV. Control over cash, including remittances through mails, should be established immediately once received, acknowledge with pre-numbered official receipts and recorded promptly
V. Monthly report of accountability for the accountable forms should be prepared and submitted by all accountable officers
VI. No disbursement should be made from cash receipt unless specifically authorized
a.) I, II, III & IV only
b.) I, V, & VI only
c.) I, II, III, IV & V only
d.) I, II, III, IV, V, & VI