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A list of terms and another list of definitions and examples are presented below. Match the directly related definition or example with the each term. Required:     Accounting controls Adequate documents and records Checks on recorded amounts Effective personnel policies   Company policy requires receiving reports to be made for all deliveries by suppliers. Cash deposits are reconciled with cash register records at the end of every day. These are policies and procedures that govern the identification, measurement, recording, and communication of economic information. Every new employee is required to spend

A list of terms and another list of definitions and examples are presented below. Match the directly related definition or example with the each term. Required:     Accounting controls Adequate documents and records Checks on recorded amounts Effective personnel policies   Company policy requires receiving reports to be made for all deliveries by suppliers. Cash deposits are reconciled with cash register records at the end of every day. These are policies and procedures that govern the identification, measurement, recording, and communication of economic information. Every new employee is required to spend

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Internal Control Terminology

A list of terms and another list of definitions and examples are presented below. Match the directly related definition or example with the each term.

Required:

 

 
Accounting controls
Adequate documents and records
Checks on recorded amounts
Effective personnel policies
 
Company policy requires receiving reports to be made for all deliveries by suppliers.
Cash deposits are reconciled with cash register records at the end of every day.
These are policies and procedures that govern the identification, measurement, recording, and communication of economic information.
Every new employee is required to spend two days in training courses to learn company policies.
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