In a small business,active involvement by the owner can be a practical substitute for the separation of some duties.
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Q9: Internal control involves,in part,the protection of a
Q10: Good internal control dictates that one employee
Q11: An understated ending inventory will produce an
Q12: Proper control procedures can guarantee the prevention
Q13: Using bar codes to take a physical
Q15: Bonding provides a guarantee against theft.
Q16: A system of internal control cannot be
Q17: Merchandisers usually take a physical inventory when
Q18: Taking a physical inventory is not necessary
Q19: Merchandisers usually end their fiscal year during
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