Question
A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements. Identify if the following statement is
A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements. Identify if the following statement is true regarding protecting cash:
A petty cash system of control is not an adequate control system to safeguard small cash disbursements.
a. True
b. False
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Lease Audits The Essential Guide
Authors: Theodore H Hellmuth
1st Edition
0934055041, 978-0934055048
