Which of the following statements is incorrect? To keep proper control of the cash held by a

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Which of the following statements is incorrect? To keep proper control of the cash held by a business:

(a) Every receipt and payment of cash should be recorded as soon as it happens

(b) Every entry in the Cash account should be substantiated by an appropriate voucher

(d) Difference between amounts received and paid should agree with amount in hand

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 26, 2023 07:28 AM

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Which of the following statements is incorrect? To keep proper control of the cash held by a

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c The Cash Book ...View the full answer

Financial Accounting An Introduction

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