Question: In a properly designed internal accounting control system, the same employee may be permitted to (a) receive and deposit checks and also approve write-offs of

In a properly designed internal accounting control system, the same employee may be permitted to

(a) receive and deposit checks and also approve write-offs of customer accounts.

(b) approve vouchers for payment and also sign checks.

(c) reconcile the bank statements and also receive and deposit cash.

(d) sign checks and also cancel supporting documents.

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