Discuss how the principles of internal control apply to cash receipts through the mail by giving several examples of good control measures that should be implemented.

Internal control principles as applied to cash receipts should ensure that all cash received is properly recorded and deposited.Control of cash receipts generated through the mail starts with the person who opens the mail.Responsibilities for receipt of cash receipts through the mail should include two people who are assigned to open mail and prepare a list in triplicate that includes the sender's name,amount,and explanation for the payment.One copy of the list is sent to the cashier,a second copy to the recordkeeper in the accounting area,and a third copy is kept by the clerks who opened the mail.The cashier deposits the money in the bank,and the recordkeeper records amounts received in the accounting records.This meets the internal control principles of establishing responsibilities and dividing responsibility for related transactions.