Some of Fannin Co.'s cash receipts from customers are sent to the company in the mail. Fannin's

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Some of Fannin Co.'s cash receipts from customers are sent to the company in the mail. Fannin's bookkeeper opens the letters and deposits the cash received each day. What internal control problem do you see in this arrangement? What changes would you recommend?
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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