For each of the following functions of cash receipts, identify a potential misstatement and a necessary control:
1.Receiving cash receipts.
2.Depositing cash in the bank.
3.Recording the receipts.

Question

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The Answer of For each of the following functions of cash receipts, identify a potential misstatement and a necessary control:
1.Receiving cash receipts.
2.Depositing cash in the bank.
3.Recording the receipts.

For Each of the Following Functions of Cash Receipts, Identify