An accounting information system comprises five generic parts. Which of the following gives an example of an internal control associated with the sales/collection process?   Depositing cash in the bank daily   Adequately supervising employees who handle inventory   Both depositing cash in the bank daily and adequately supervising employees who handle inventory   Neither depositing cash in the bank daily nor adequately supervising employees w

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An accounting information system comprises five generic parts. Which of the following gives an example of an internal control associated with the sales/collection process?
 

Depositing cash in the bank daily
 
Adequately supervising employees who handle inventory
 
Both depositing cash in the bank daily and adequately supervising employees who handle inventory
 
Neither depositing cash in the bank daily nor adequately supervising employees who handle inventory
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