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Q5 6-4 Internal control for cash LO P1 Identify each of the following statements as either true or false, Good internal control for cash is

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Q5 6-4 Internal control for cash LO P1 Identify each of the following statements as either true or false, Good internal control for cash is to require all cash payments be made by check. An exception is small payments made from petty cash. b. A good internal control is to require that all cash receipts be deposited daily. c. It is good internal control for the recordkeeper to be in charge of writing and signing checks when the owner is out of town. d.A voucher system of control is a control system exclusively for cash receipts

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