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What are the major objectives of internal control

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Reference no: EM133185366

Questions -

Q1. What is internal control?

Q2. What are the major objectives of internal control?

Q3. Why is the control of cash important to a hospitality operation?

Q4. Define the purpose of a petty cash fund?

Q5. Explain the purpose of a bank reconciliation.

Q6. Enumerate some control procedures for accounts receivable.

Q7. Explain the importance of internal control in payroll and personnel.

Q8. Why is the control of inventories important to a restaurant?

Reference no: EM133185366

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