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The clerk who opens the mail routinely steals remittances and checks.Describe a specific internal control procedure that would prevent or detect this fraud.
Property Tax
Taxes levied by local governments on real estate and sometimes other forms of personal property.
Selling Price
The amount a good or service is sold for in the market.
Assessed Value
The dollar value assigned to a property for purposes of measuring applicable taxes, often determined by a public tax assessor.
Payoff
The act of completely repaying a loan, including the principal amount and any accrued interest, thereby fulfilling the borrower's obligations.
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