Question: INSTRUCTION(S): For every general potential error type enumerated below, list down some basic Internal controls that may serve as a remedy to prevent the occurrence

INSTRUCTION(S): For every general potential error

INSTRUCTION(S): For every general potential error type enumerated below, list down some basic Internal controls that may serve as a remedy to prevent the occurrence of said errors. Basic Types of Internal Accounting Control General Potential Error Types Transactions are not properly authorized Recorded transactions are not valid Existing transactions are not recorded Transactions are improperly valued Transactions are improperly classified Transactions are recorded at the improper time Transactions are improperly included in the subsidiary records and incorrectly summarized

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