Effective Internal Control of Cash Should Include the Separation of the Duties

question 99

True/False

Effective internal control of cash should include the separation of the duties for receiving and disbursing cash.

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Definitions:

Memo Reports

Brief written documents used within an organization to communicate information, updates, or recommendations.

Appended Parts

Additional sections or materials attached at the end of a document or book.

Prefatory Parts

Introductory sections of a document or book, such as a preface, foreword, or acknowledgment.

Formal Coherence

The logical and orderly connection of ideas in a text that follows established linguistic and structural conventions.