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