Question: A Below are descriptions of internal control problems. In the space to the left of each item, enter the code letter of the one best
A Below are descriptions of internal control problems. In the space to the left of each item, enter the code letter of the one best internal control principle that is related to the problem described. Internal Control Principles Establishment of responsibility B Segregation of duties C. Physical control devices Documentation procedures Independent internal verification Human resource controls D E F The same person opens the incoming mailand posts the accounts receivable subsidiary ledger 2 3 Three people handle cash sales from the same cash register drawer A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise The person who is authorized to sign checks approves orchusorders for payment 5 Some cash payments are not recorded becauches are not prenumbered Cash shortages are not covered ter wedi coscounts by superior
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