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Identify each of the following statements as either true or false. a. It is good internal control for the recordkeeper to be in charge of
Identify each of the following statements as either true or false. a. It is good internal control for the recordkeeper to be in charge of writing and signing checks when the owner is out of town. b. A petty cash system of control is a system used only for cash receipts C A good internal control is to require that all cash receipts be deposited daily. d. To reduce theft, the salesclerk should not have access to the accounting records for cash sales
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