Outline the importance of each of the following in an internal control system for cash: a. That
Question:
Outline the importance of each of the following in an internal control system for cash:
a. That all cash should be banked daily, intact
b. The bank reconciliation statement
c. The segregation of duties for the mail opener, the cashier, the general ledger-keeper and the receivable ledger clerk.
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a All cash should be banked daily intact to mainta...View the full answer
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
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