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Which of the following statements concerning internal control is true? Select one: O a. It is OK to pay accounts out of unbanked receipts

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Which of the following statements concerning internal control is true? Select one: O a. It is OK to pay accounts out of unbanked receipts as long as a note is made of what has occurred O b. Physical counts of stock on hand are not part of internal control procedures C. Bank reconciliation is an important internal control Od. Fraud will be eliminated by good internal control

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