Some of Usher Company's cash receipts from customers are sent to the company in the mail. Usher

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Some of Usher Company's cash receipts from customers are sent to the company in the mail. Usher Company's bookkeeper opens the letters and deposits the cash received each day. What internal control problems are inherent in this arrangement? What changes would you recommend?

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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