34.A good internal control system provides for a. allowing one person to receive cash and to record cash receipts b. delaying the deposit of cash collections because no one knows for sure the account to be credited c. making payments from the day's collections d. preparing regular bank reconciliation
34.A good internal control system provides for a. allowing one person to receive cash and to record cash receipts b. delaying the deposit of cash collections because no one knows for sure the account to be credited c. making payments from the day's collections d. preparing regular bank reconciliation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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34.A good internal
a. allowing one person to receive cash and to record cash receipts
b. delaying the deposit of cash collections because no one knows for sure the account to be credited
c. making payments from the day's collections
d. preparing regular bank reconciliation
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