Solution-Internal control procedures over cash receipts

Internal control procedures over cash receipts

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Reference no: EM13531566

Aldstadt Company has the following internal control procedures over cash receipts. Identify the internal control principle that is applicable to each procedure.

(a) All over-the-counter receipts are registered on cash registers.

(b) All cashiers are bonded.

(d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals.

(e) Only cashiers may operate cash registers.

Reference no: EM13531566

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Internal control procedures over cash receipts : Identify the internal control principle that is applicable to each procedure - Aldstadt Company has the following internal control procedures over cash receipts

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Internal control procedures over cash receipts

Reference no: EM13531566

Reference no: EM13531566

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