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Identify each of the following statements as either true or false. a. A petty cash system of control is a system used only for cash
Identify each of the following statements as either true or false. a. A petty cash system of control is a system used only for cash receipts. b. To reduce theft, the salesclerk should not have access to the accounting records for cash sales. c. A voucher system of control is a control system exclusively for cash receipts. d. A guideline for safeguarding cash is to require all cash payments be made in cash
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