answers in excel ?!

1 2 You must record your answer in the space below the question on this page. Answers recorded elsewhere will not be marked. QUESTION 7 4 15 MARKS 5 6 7 a 8 Julia Ross Company has the following internal control procedures over cash payments. Identify and briefly explain the internal control principle that is applicable to each procedure. Company cheques are prenumbered. The bank statement is checked monthly by an internal auditor. Blank cheques are stored in a safe in the finance manager's office. Only the finance manager or assistant may sign cheques. Cheque signers are not allowed to record cash payment transactions Cash in hand is physically verified at least 2 times in a week. Marks Word limit 2 50 2 50 2 50 2 50 2 50 2 50 9 C 10 d 11 e 12 f 13 8 14 'In a system which uses several special journals, it is not necessary to have a general journal.' Do you agree? Explain. 3 75 15