Effective Internal Control Over the Cash Account Requires That the Person

question 15

True/False

Effective internal control over the cash account requires that the person responsible for making the bank deposit does not post the increase to cash in the accounting system.

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Definitions:

Promotion

An advancement to a higher-level job with increased authority, responsibility, and pay.

Price

The amount of money expected, required, or given in exchange for something else, typically goods or services.