Cardinal Company requires that all documents supporting a check be canceled by punching a hole through the

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Cardinal Company requires that all documents supporting a check be canceled by punching a hole through the packet. Why is this practice required? What might happen if it were not?

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Financial Accounting

ISBN: 978-0133427530

10th edition

Authors: Walter Harrison, Charles Horngren, William Thomas

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Question Posted: Jul 25, 2014 08:19 AM

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Cardinal Company requires that all documents supporting a check be canceled by punching a hole through the

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Punching a hole through supporting documents reduces the opportunity for fraud Without this ...View the full answer

Financial Accounting

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