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All of the following are a cash control over receipts except daily recording of all cash receipts in the accounting records. daily deposit of all
All of the following are a cash control over receipts except
daily recording of all cash receipts in the accounting records.
daily deposit of all receipts in the company's bank account.
immediate counting of receipts by the person opening the mail or the salesperson using the cash register, and subsequent verification by an independent person.
making all payments by check or electronic funds transfer so there is a record for every company expenditure.
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