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Bank Accounts improve control over cash by: Safeguarding cash by using a bank as a depository Minimizing the amount of cash that must be kept
Bank Accounts improve control over cash by: Safeguarding cash by using a bank as a depository Minimizing the amount of cash that must be kept on hand Giving a double record of all bank transactions All of the above Permitting only designated personnel to handle cash receipts is an application of the concept of: Segregation of duties Independent checks of performance Human resource controls Physical and IT controls
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