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Which of the following represents good internal control procedures concerning cash payments? a.Allow anyone to access petty cash. b.Make sure that all cash payments are
Which of the following represents good internal control procedures concerning cash payments?
a.Allow anyone to access petty cash.
b.Make sure that all cash payments are made by check (with the exception of petty cash).
c.Keep check supplies available to all employees.
d.Assign an employee responsibility of preparing the checks, signing the checks, and preparing the bank reconciliation.
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