Internal Control: Internal controls are policies and procedures implemented by an organization to attain operational goals and maintain the integrity of accounting. Internal Control system has its five integral components those together works an effective internal control. To Indicate: The internal control practices to be adopted for purchase and payables.

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Chapter 4, Problem 64.2C

To determine

Concept Introduction:

Internal Control:

Internal controls are policies and procedures implemented by an organization to attain operational goals and maintain the integrity of accounting. Internal Control system has its five integral components those together works an effective internal control.

To Indicate:

The internal control practices to be adopted for purchase and payables.

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