Which of the following is not a suggested procedure to establish internal control over cash disbursements? The
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Question:
Which of the following is not a suggested procedure to establish internal control over cash disbursements?
The bank statement is reconciled monthly. |
Anyone can sign the checks. |
Blank checks are stored with limited access. |
Different individuals approve and make the payments. |
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Answer rating: 100% (QA)
Answer Anyone can sign the checks Explanations Internal cont... View the full answer
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