Question: Knowledge Check Select the internal control principle applicable to each cash receipt procedure. The duties of receiving cash, recording cash, and custody of cash are

Knowledge Check
Select the internal control principle applicable to each cash receipt procedure.
The duties of receiving cash, recording cash, and custody of cash are assigned to different individuals.
Daily cash counts are made by cashier department supervisors.
Independent internal verification
All over-the-counter receipts are entered in cash registers.
Only cashiers may operate cash registers.
All cashiers are bonded.
Knowledge Check Select the internal control

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