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Q: For the activity listed, identify whether the activity adheres to or violates sound internal control procedures. The clerk in the accounting department handles the
Q: For the activity listed, identify whether the activity adheres to or violates sound internal control procedures.
The clerk in the accounting department handles the recording of purchases as well as payments of invoices. adheres to sound internal controls An employee from the accounting department compares the cash register tapes with the bank deposits. violates sound internal controls Mathematical verification of purchase invoices occurs before the invoices are paid. All supporting documents attached to an invoice are clearly marked "paid" when the cheque is signedStep by Step Solution
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