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Important elements of an internal control system for cash disbursements include each of the following except : Only authorized personnel should sign checks. All expenditures
Important elements of an internal control system for cash disbursements include each of the following except:
Only authorized personnel should sign checks.
All expenditures should be authorized before a check is prepared.
All disbursements, other than very small disbursements, should be made by check.
The same person that prepares the check should also record it in the proper journal.
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