Question: Fox Erasing has a system of internal control with the following procedures. Match the procedure to the corresponding internal control principle. Internal Control Principle Procedure

Fox Erasing has a system of internal control with the following procedures. Match the procedure to the corresponding internal control principle. Internal Control Principle Procedure 1. The treasurer signs checks 2. The treasurer is not allowed to make bank deposits 3. The company's checks are prenumbered. 4. Unused checks are stored in the vault. 5. A bank reconciliation is prepared each month

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