Good internal control dictates that a person who controls an asset should also maintain the accounting records for that asset.
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Q1: Cash includes currency,coins,and the deposits in most
Q5: Liquidity refers to a company's ability to
Q6: Once a good system of internal control
Q7: Basic bank services such as bank accounts,
Q7: A properly designed internal control system is
Q8: Internal control systems used to monitor and
Q10: Separation of duties divides responsibility for a
Q11: Technology such as cash registers,check protectors,time clocks,and
Q15: The use of internal controls provides guaranteed
Q18: Technologically advanced accounting systems do not need
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