Normal text Arial ITE HIE - E . EE X Goldey-Beacom College ACC206 Principles of Accounting Problem #1 - Internal Control Assignment #6 - CH07 Six internal control principles related to cash transactions are discussed in the Chapter These principles, with code letters, are: Code Internal Control Principle A Establishment of responsibility B Segregation of duties Documentation procedures I D Physical, mechanical and electronic controls E Independent internal verification F Other controls Instructions: Match the above principle to the following applications related to cash receipts and cash disbursements by placing the code in the space provided. Each code letter can be used once more than once, or not at all Answer Principle .com/document/d/1WUubsa2NU19cuyczS7TZ7ekVMJBsticzJqJ4v0hsal/edit gnment #6-SVE rt Format Tools Add-ons Help Last edit was 2 minutes ago Normal text Arial 12 + BI UA C Juli 1E EEEEX 1 P1 3 Tu mool Documentation procedures Physical, mechanical, and electronic controls Independent internal verification Other controls Instructions: Match the above principle to the following applications related to cash receipts and cash disbursements by placing the code in the space provided. Each code letter can be used once, more than once, or not at all. Answer Principle 1. The duties of receiving and recording cash should be assigned to different individuals. 2. Daily cash counts should be made by cashier department supervisors. 3. Cash receipts should be deposited in the bank in total daily, 4. Cash register tapes should be used for over-the-counter receipts. 5. 6. Each check should be compared with approved invoices before being issued The duties of approving an item for payment and paying the item should be performed by different individuals. All checks should be prenumbered. 7. 8. Only the treasurer should be authorized to sign checks. 9. All personnel who handled cash should be bonded