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Slide17 - Management of Cash The major internal control...

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Unformatted text preview: Management of Cash - The major internal control procedures set up to safeguard cash include the following: — Have different individuals receive cash than those who disburse cash — Have different individuals handle cash than those who access accounting records — Record and deposit cash receipts immediately — Make disbursements using serially numbered checks, and require proper authorization by someone other than the person writing the check — Reconcile bank accounts monthly ...
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