Prior to the turn of the 20th century, retail transactions were commonly recorded by hand using some type of ledger system. The process was cumbersome and time consuming. The invention of the modern ...
Technology and innovation strongly influence the payments system. This innovation creates two potentially opposing effects on cash: 1) increased competition from emerging mobile and other digital ...
In this guideline, cash is defined as currency, checks and credit cards unless otherwise specified. The proper handling of cash is a necessary control function. Supervisory personnel must monitor ...