FINANCIAL+MANAG.ACCT.
FINANCIAL+MANAG.ACCT.
9th Edition
ISBN: 9781260728774
Author: Wild
Publisher: RENT MCG
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Chapter 6, Problem 3E
To determine

Concept Introduction: Internal control system is a set of policies and procedures used by managers to protect assets, promote efficient operations, ensure reliable record keeping, and uphold company policies. Managers use an internal control system to prevent avoidable losses, help plan operations, and monitor company and employees' performance.

The internal control strengths or weakness in each of the given procedures, and the internal control principle violated in each cash.

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