Examlex
Name and discuss the two most important internal control principles embedded in the voucher system.
Legal Structure
The organizational framework within which a business operates, determining its legal obligations, tax liabilities, and governance.
Record-keeping
The practice of maintaining and preserving documents, files, and information for future reference or compliance purposes.
Decision Processes
The mental and logical steps taken by individuals or organizations in making choices among various alternatives.
Not-for-Profit Organizations
Organizations that operate for purposes other than generating profit for owners or shareholders, focusing instead on furthering a social cause or shared goal.
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