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Which of the following is NOT a significant feature of a system of internal control over cash? Select one: a. Bank reconciliation statements are prepared
Which of the following is NOT a significant feature of a system of internal control over cash? Select one: a. Bank reconciliation statements are prepared at regular intervals. b. The person who does bank reconciliations should not be the cashier. c. Cash collected should be banked in full. d. The staff member responsible for approving invoices for payment should process the electronic funds transfer.
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