Which Duties Associated with Handling and Accounting for Cash Should

question 26

Essay

Which duties associated with handling and accounting for cash should ideally be separated in order to promote the internal control of the asset?

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Definitions:

Independent

Two events are independent if the occurrence of one does not affect the probability of the occurrence of the other.

Dependent

In context of variables, it refers to a variable whose value is influenced or determined by one or more other variables.

Car Colour

The specific hue or shade of paint chosen or used to finish the exterior surface of an automobile.

Independent

Not influenced or controlled by others in matters of opinion, conduct, etc.; thinking or acting for oneself.