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If you place a control that the computer checks run-to-run total of beginning receivables, plus sales transactions with the sum of ending receivables, which of the following risks will you be addressing?
Fire Damages
Destruction or damage inflicted to property, goods, or assets due to fire.
Insurance Money
Funds received from an insurance company either as a claim settlement or benefit payment.
Short-rate Penalty
A Short-rate Penalty is a fee charged to policyholders who cancel their insurance policy before it expires, calculating the refund using a method that is less favorable than pro-rata.
Annual Premiums
The amount paid on an annual basis for insurance coverage, which can pertain to various types of insurance policies.
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