Question: Identify the basic internal control guidelines which should be in place to protect a business's cash by selecting the correct answers below. Multiple select question.
Identify the basic internal control guidelines which should be in place to protect a business's cash by selecting the correct answers below. Multiple select question. Bills should be paid immediately. Cash receipts are promptly deposited in a bank. Cash payments are made by check. Excess cash should be left in the bank to maintain liquidity. Handling cash is separate from recordkeeping of cash
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