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QS 6-6 (Algo) Control of Cash LO C2 Determine whether each procedure described below is an internal control strength or weakness. Internal Control Principle
QS 6-6 (Algo) Control of Cash LO C2 Determine whether each procedure described below is an internal control strength or weakness. Internal Control Principle Weakness or Strength 1. All large payments are made by electronic funds transfer (EFT) 2 3 When the business runs out of checks, it pays liabilities with cash. The recordkeeper is in charge of signing checks and handling cash.
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