Question: How to solve Identify the internal control principle applicable to cash receipts for Acme Discount Retail Company in each of the following situations. All cashiers
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Identify the internal control principle applicable to cash receipts for Acme Discount Retail Company in each of the following situations.
All cashiers are bonded.
The treasurer compares the total cash receipts to the bank deposit daily.
The bookkeeper records cash receipts which are held bfy the treasurer.
Only the treasurer holds cash receipts.
Deposit slips are completed for each deposit.
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