The local electric utility receives thousands of payments every day from its customers. The following processes occur

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The local electric utility receives thousands of payments every day from its customers.

The following processes occur in handling the payments: opening the letters, recording the amount of the check and the customer’s account, filling in a deposit slip for the bank, and depositing the checks with the bank.

Describe methods of controlling these processes so that checks are not misplaced or stolen.

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Management Accounting In A Dynamic Environment

ISBN: 9780415839020

1st Edition

Authors: Cheryl S McWatters, Jerold L Zimmerman

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