The most important internal control over cash receipts is (pp. 338) a. Assigning an honest employee the

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The most important internal control over cash receipts is (pp. 338)

a. Assigning an honest employee the responsibility for handling cash

b. Separating the cash-handling and cash-accounting duties

c. Ensuring that cash is deposited in the bank daily

d. Centralizing the opening of incoming mail in a single location

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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