Which of the following is not an internal control procedure for cash? a. Only designated personnel are authorised to handle cash. b. The same individual receives and deposits cash. c. Surprise audits of cash on hand should be made occasionally. d. Access to cash is limited.

Which of the following is not an internal control procedure for cash? a. Only designated personnel are authorised to handle cash. b. The same individual receives and deposits cash. c. Surprise audits of cash on hand should be made occasionally. d. Access to cash is limited.

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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Which of the following is not an
internal control procedure for cash?
a. Only designated personnel are
authorised to handle cash.
b. The same individual receives and
deposits cash.
c. Surprise audits of cash on hand
should be made occasionally.
d. Access to cash is limited.

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