Question: Determine whether each procedure described below is an internal control strength or weakness. Internal Control Principle 1. The same employee is in charge of

Determine whether each procedure described below is an internal control strength or weakness. Internal Control Principle 1. The same employee is in charge of recordkeeping and depositing cash receipts. 2. All large payments are made by electronic funds transfer (EFT). 3. Cash receipts of large amounts are kept in an office drawer and deposited every six months. Weakness or Strength

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