Internal Control: It is a set of controls that ensure the smooth and effective management of the business transactions to achieve the business goals. Internal control works as a monitoring system for all the departments of an organization. To indicate: The internal controls to manage the cash in a restaurant.

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Chapter P, Problem P.16Q

To determine

Concept introduction:

Internal Control: It is a set of controls that ensure the smooth and effective management of the business transactions to achieve the business goals. Internal control works as a monitoring system for all the departments of an organization.

To indicate: The internal controls to manage the cash in a restaurant.

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