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for accounting, I need to know figure out which principle of accounting is used in different situations. what principle is used in this situation; On
for accounting, I need to know figure out which principle of accounting is used in different situations.
what principle is used in this situation;
On Friday of every week, K. Chiarelli deposits the week's cash received.
the principles are
- Separation of duties
- Immediate listing of cash receipts
- Daily cash proof
- Daily deposit of cash
- Payment by cheque
- Periodic audits
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