A key element in internal control over cash receipts utilizes two people (dual control).

Question

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Dual control is a key element in internal control over cash receipts, which involves two people being involved in the handling of cash to provide an added layer of security and prevent fraud or errors. This typically includes having one person receive and record the cash, while another person verifies and reconciles the amounts recorded.

A Key Element in Internal Control Over Cash Receipts Utilizes