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Explain the key business functions of accounts payable (AP) and accounts receivable (AR). How does each contribute to a company's cash flow, and what controls
Explain the key business functions of accounts payable (AP) and accounts receivable (AR). How does each contribute to a company's cash flow, and what controls (checks and balances) need be in place to prevent accounting fraud? Provide an example of a policy that you might set as a control.
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