Question: Since cash is an asset with a high degree of inherent risk, companies must establish effective internal control over their cash transactions. a. Explain why

Since cash is an asset with a high degree of inherent risk, companies must establish effective internal control over their cash transactions. a. Explain why segregation of duties is an important internal control over cash. Give an example of what duties should be segregated. b. Describe two other internal control policies that should be established for cash disbursements. c. Describe two other internal control policies that should be established for cash receipts

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