Loose-Leaf for Financial and Managerial Accounting
Loose-Leaf for Financial and Managerial Accounting
7th Edition
ISBN: 9781260004861
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 6, Problem 3QS
To determine

Internal Controls:

One of the principles of internal control is safeguard of cash for which certain practices are needed to be followed in an organization. Also it helps in saving reputation and cost as well.

To identify: Whether the given statement is true or false.

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