A. Since a bank reconciliation compares the bank statement with the company records, a bank reconciliation prepared by a person not involved in preparing the deposit or posting the entry to reflect the receipt would detect whether bank deposits that have been recorded have not been made.
B. Consolidation of cash receiving points is done before the deposit is prepared or the entry to reflect the deposit is posted. It would not detect bank deposits recorded but never made.
C. Linking receipts to other internal accountabilities is done before the deposit is prepared or the entry to reflect the receipt is posted. It would not detect bank deposits recorded but never made.
D. Establishing accountability for receipts at the earliest possible time should be done before the deposit is prepared or the entry to reflect the receipt is posted. However, it would not detect bank deposits that are recorded but never made.
