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Which of the following is an appropriate internal control activity for cash? A. Recordkeeping and custodianship over cash should be performed by the same person.
Which of the following is an appropriate internal control activity for cash?
A. Recordkeeping and custodianship over cash should be performed by the same person. | ||
B. The amount of cash on hand should be kept to a minimum. | ||
C. Banking facilities should be used as little as possible. | ||
D. All payments should be made with currency, not checks. |
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