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Cash - Internal Controls Over Cash in Your Life
Provide an original and substantive response to the questions posed in your Journal in a minimum of 200 words.
Cash presents unique risks and internal control issues due to the high liquidity and high volume of transactions. We all make purchases at retail outlets, probably several times each week.
Think about your recent purchases at a gas station, grocery store, movie theater, restaurant, etc. Pick two of your recent cash (debit/credit, check, etc.) transactions.
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