Question: Answer the following questions about internal control over cash payments: 1. Payment by check carries three controls over cash. What are they? 2. Suppose a

Answer the following questions about internal control over cash payments:
1. Payment by check carries three controls over cash. What are they?
2. Suppose a purchasing agent receives the goods that he purchases and also approves payment for the goods. How could a dishonest purchasing agent cheat his company? How do companies avoid this internal control weakness?

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