a. What internal accounting control principles are applicable to the custody of assets in the revenue cycle?

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b. Indicate two applications of each principle.

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Modern Auditing

ISBN: 9780471542834

5th Edition

Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler

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Question Posted: May 04, 2024 11:01 PM

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a. What internal accounting control principles are applicable to the custody of assets in the revenue cycle?

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a Internal accounting control principles applicable to the custody of assets in the revenue cycle include 1 Segregation of Duties This principle involves separating key duties and responsibilities to ...View the full answer

Modern Auditing

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