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Determine whether each procedure described below is an internal control strength or weakness. Internal Control Principle 1. The same employee is in charge of
Determine whether each procedure described below is an internal control strength or weakness. Internal Control Principle 1. The same employee is in charge of recordkeeping and depositing cash receipts. 2. Employees handling cash do not have access to accounting records. 3. The recordkeeper is in charge of signing checks and handling cash. Weakness or Strength
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
