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1) A properly designed internal control system is a key part of systems design, analysis, and performance. * O True O False 2) Internal control
1) A properly designed internal control system is a key part of systems design, analysis, and performance. * O True O False 2) Internal control policies and procedures are standard across companies. * O False O True 3) Internal control over cash receipts ensures that all cash received is properly recorded and deposited. O False True 4) The petty cash fund should be reimbursed at the end of the period even if the fund is not low on money
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