What precautions should be taken when handling cash for merchandise?

When handling cash for merchandise, the emphasis on secure storage and accurate recording of transactions is paramount. This approach minimizes the risk of theft and loss, ensuring that all cash-related activities are meticulously tracked. Secure storage involves using a safe or designated cash drawer that is locked and accessible only to authorized personnel. This protects against unauthorized access or potential theft.

Accurate recording of transactions facilitates proper accounting, prevents discrepancies, and provides a clear audit trail. By documenting every cash transaction—whether it's a sale or exchange—employees can quickly identify any errors or issues when they arise. This practice also helps with transparency and accountability within financial operations, contributing to the overall integrity of the cash management process.

The other options do not provide comprehensive safety or operational benefits. For instance, using cash only for inventory purchases restricts the versatility of cash handling, while allowing free access to cash by all employees significantly increases the risk of theft or mismanagement. Regularly changing cashiers may have benefits in preventing fraud but does not directly address security and accuracy in cash handling, making the focus on secure storage and accurate recording the most vital practice.