The cash account is included in more than one accounting process because a. All the business processes
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The cash account is included in more than one accounting process because
a. All the business processes involve either receiving or paying out cash at some point.
b. Cash is the most difficult asset to control.
c. Cash is the easiest asset to steal.
d. Cash can be either an asset or a liability.
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Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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