What is the essential feature of an EFT procedure

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Question: 1.How do these principles apply to cash disbursements?

(a) Physical controls.

(b) Human resource controls.

2. What is the essential feature of an electronic funds transfer (EFT) procedure?

3. "The use of a bank contributes significantly to good internal control over cash." Is this true? Why?

Reference no: EM131828238

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