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The following are strong control measures over cash receipts except for: There should be a significant amount of cash on hand in order to avoid
The following are strong control measures over cash receipts except for:
There should be a significant amount of cash on hand in order to avoid writing checks.
Employees who receive cash should give customers a written receipt.
A record of all cash collections should be prepared immediately upon receipt.
Cash receipts should be deposited in a bank as soon as possible.
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