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The internal control procedures in Edmiston Company make the following provisions. Identify the principles of internal control that are being

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The internal control procedures in Edmiston Company make the following provisions. Identify the principles of internal control that are being followed in each case.
(a) Employees who have physical custody of assets do not have access to the accounting records.
(b) Each month, the assets on hand are compared to the accounting records by an internal auditor.
(c) A prenumbered shipping document is prepared for each shipment of goods to customers.

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Accounting Tools for Business Decision Making

Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: April 07, 2014 10:19:12
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