The internal control procedures in Naperville Company provide that: 1. Employees who have physical custody of assets
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1. Employees who have physical custody of assets do not have access to the accounting records.
2. Each month, the assets on hand are compared to the accounting records by an internal auditor.
3. A prenumbered shipping document is prepared for each shipment of goods to customers.
Identify the principles of internal control that are being followed.
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Internal controls are the procedures followed by the management an...View the full answer
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i completed my secondary education from a school where i was unable to get what teacher was teaching so, in my forthcoming journey i decided to help students as i had felt the situation and was aware of where it lacks from the students point of view.
i completed my graduation from a recognised university and along with it i thought of being a chartered accountant, i am in the finals stage but still following my passion to teach & help students as much as i can
i just wanted to change the way of teaching so that everyone can feel it and can apply it wherever necessary and that's what i am doing in the current scenario too
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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