Question: Internal control over a company's assets should include the following policy: All cash payments will be made by cheque ( except petty cash ) .

Internal control over a company's assets should include the
following policy:
All cash payments will be made by cheque (except petty cash).
All cash receipts will be depsited into the bank the same day
they arrive.
Responsibilities and duties of employees will be divided.
All of these answers are correct.
Internal control over a company's assets should include the following policy:

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