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Unformatted text preview: 5. The company accountant makes the bank deposit and then records the days receipts. 6. Each week Beverly leaves 100 company checks in an unmarked envelope on a shelf behind the cash register. 7. The store manager personally approves all payments before signing and issuing checks. 8. The company checks are unnumbered. 9. After payment, bills are filed in a paid invoice folder. 10. The company accountant prepares the bank reconciliation and reports any discrepancies to the Owner....
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This note was uploaded on 12/12/2010 for the course ACCT ACCT207 taught by Professor Dragone during the Fall '10 term at University of Delaware.
- Fall '10