Question: Knowledge Check Select the internal control principle applicable to each cash disbursement procedure. Only the treasurer may sign checks. Blank checks are stored in a

Knowledge Check
Select the internal control principle applicable to each cash disbursement procedure.
Only the treasurer may sign checks.
Blank checks are stored in a safe in a treasurer's office.
Check signers are not allowed to record cash disbursement transactions.
Company checks are prenumbered.
The bank statement is reconciled monthly by an internal auditor.
Knowledge Check Select the internal control

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