Internal control of cash is strengthened by requiring that each days receipts are deposited intact and that

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Internal control of cash is strengthened by requiring that each day’s receipts are deposited intact and that all payments are made by cheque or electronic transfer. Do you agree? Why or why not?

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 19, 2019 11:17 AM

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Internal control of cash is strengthened by requiring that each days receipts are deposited intact and that

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Banking receipts intact is important to discourage hands in the till during trading hours and ...View the full answer

Accounting

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