Question: Properly designed internal control will permit the same employee to: Multiple Choice Receive and deposit checks, and also approve write - offs of customer accounts.
Properly designed internal control will permit the same employee to:
Multiple Choice
Receive and deposit checks, and also approve writeoffs of customer accounts.
Approve vouchers for payment, and also receive and deposit cash.
Reconcile the bank statements, and also receive and deposit cash.
Sign checks, and also cancel supporting documents.
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