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Rachel is a 6-month-old who has recently learned to sit up on her own. Her mother places two toys in front of her: a soft, yellow, stuffed animal within her reach and a colorful rattle slightly out of her reach. Seeing both toys, Rachel chooses the one she finds more appealing to play with. Over time, choices such as these may:
Cash Receipts
The actual money received during a given period, including all forms of payment such as cash, checks, and credit card payments.
Establishment Of Responsibility
An accounting principle that ensures specific duties are assigned to individuals to increase accountability and prevent errors and fraud.
Treasurer
A treasurer is an officer of a company or organization responsible for managing financial operations, including investment, risk management, and corporate finance.
Establishment Of Responsibility
An internal control principle aiming to assign specific responsibilities to individuals, thus ensuring accountability and reducing the risk of errors and fraud.
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