Internal controls are policies and procedures defined by the management to ensure the smooth functioning of the business processes. Internal controls ensure the complete and correct accounting and safeguards to the assets. To indicate: The types of bank accounts and how imprest account helps to improve cash controls.

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Chapter 16, Problem 16.2RQ

To determine

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Internal controls are policies and procedures defined by the management to ensure the smooth functioning of the business processes. Internal controls ensure the complete and correct accounting and safeguards to the assets.

To indicate: The types of bank accounts and how imprest account helps to improve cash controls.

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