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What is hierarchical coding with respect chart of accounts

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Reference no: EM13907426

1.What are the three major types of funds found in most local government accounting information systems?

2. What is "hierarchical coding" with respect to a chart of accounts? How would hierarchical coding be useful for companies?

3. What is internal control? Why is it a fundamental part of accounting information systems?

Reference no: EM13907426

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