Current Attempt in Progress

The internal control procedures in Dayton Company result in the following situations.

Identify the principles of internal control that are being followed in each case.

a$.$ Employees who have physical custody of assets do not have access to the accounting

records.

b$.$ Each month, the assets on hand are compared to the accounting records by an

internal auditor.

c$.$ A prenumbered shipping document is prepared for each shipment of goods to

customers.

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