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Statement I: Separating bookkeeping and cash-handling duties is an example of internal control procedures related to cash. Statement II: Sometimes, a cash voucher should be
Statement I:
Separating bookkeeping and cash-handling duties is an example of internal control procedures related to cash.
Statement II:
Sometimes, a cash voucher should be numerically sequenced.
| Both statements are incorrect |
| Both statements are correct |
| Statement 1 is incorrect; statement 2 is correct |
| Statement 1 is correct; statement 2 is incorrect |
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