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Some of Crown Company's cash receipts from customers are received by the company with the regular Exercise 6-4 mail. The company's recordkeeper opens these letters
Some of Crown Company's cash receipts from customers are received by the company with the regular Exercise 6-4 mail. The company's recordkeeper opens these letters and deposits the cash received each day. a. Identify any internal control problemts) in this arrangement b. What changes to its internal control system do you recommend? Control of cash receipts by mail P1
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