An imprest system is a process that controls the amount paid to others by limiting the total amount of money available for making payments to others.
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Q6: EFT (electronic funds transfer)discovered on the bank
Q7: The internal control principle of establishing responsibility
Q8: The primary internal control goal for cash
Q9: Internal controls,if properly implemented,can eliminate the opportunity
Q10: Cash equivalents are short-term highly liquid investments
Q12: Internal control will always detect fraud.
Q13: Employee fraud is grouped into three categories:
Q14: NSF (Not Sufficient funds)cheques are deducting from
Q15: A voucher system is a process for
Q16: Those who willfully misrepresent financial results now
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