Question: Eric Nilsen is concerned with control over mail receipts at Midtown Sporting Goods. All mail receipts are opened by Arne Johansen. Arne sends the checks

Eric Nilsen is concerned with control over mail receipts at Midtown Sporting Goods. All mail receipts are opened by Arne Johansen. Arne sends the checks to the accounting department, where they are stamped "For Deposit Only." The accounting department records and deposits the mail receipts weekly. Eric asks for your help in installing a good system of internal control over mail receipts.

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