To minimize the risk of theft of consumer remittances, the person who handles and deposits customer payments can also.

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02-08-2022
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To minimize the risk of theft of consumer remittances, the person who handles and deposits customer payments can also.

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achulaksh achulaksh · Answer 1 · 2022-08-08T11:11:00+02:00

To minimize the risk of theft of consumer remittances, the person who manages and deposits customer payments can also. Use of cash registers.

What is a Customer Deposit?

A customer deposit is cash settled to a company by a customer, for which the company has not yet provided goods or benefits in exchange.
The company has an obligation to provide the displayed goods or services, or to replace the funds.

What are customer deposits?

A customer deposit is a prepayment for the investment of future goods and services (unearned revenue). Overpayment of customer invoices (A/R) may also be regarded customer deposits because they are also thought unearned revenues.

To learn more about customer deposit, refer

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