Question: Question 3 (1 point) A deposit in transit is a deposit which has been recorded in the companys books but NOT yet recorded by the

Question 3 (1 point) A deposit in transit is a deposit which has been recorded in the companys books but NOT yet recorded by the bank. True False Question 4 (1 point) Persons who authorize transactions should not handle the related asset. This is an example of which characteristic of internal control? competent, reliable, and ethical personnel proper authorization separation of duties assignment of responsibilities

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