Use of cash for payments should be avoided. Effective internal control over cash payments can only be

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"Use of cash for payments should be avoided. Effective internal control over cash payments can only be achieved by the use of cheques or electronic funds transfer." Is this true? Explain.
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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