dentify each of the following statements as either true or false. a. A voucher system of control improves internal control of cash pa b. Separation of duties eliminates the possibility of collusion to ste c. Good internal control is to have only one emplovee be assigned
dentify each of the following statements as either true or false. a. A voucher system of control improves internal control of cash pa b. Separation of duties eliminates the possibility of collusion to ste c. Good internal control is to have only one emplovee be assigned
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ish payments.
o steal an asset and hide the theft from the records.
igned the task of opening mail.
ish receipts."
Transcribed Image Text:rue
ish payments.
o steal an asset and hide the theft from the records.
igned the task of opening mail.
ish receipts.

Transcribed Image Text:Identify each of the following statements as either true
or false.
a. A voucher system of control improves internal control of cash pa
b. Separation of duties eliminates the possibility of collusion to stea
c. Good internal control is to have only one employee be assigned
d. A petty cash system of control is a system used only for cash rec
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