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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 52
Some of Crown Company's cash receipts from customers are received by the company with the regular mail. The company's recordkeeper opens these letters and deposits the cash received each day.
a. Identify any internal control problem(s) in this arrangement.
b. What changes to its internal control system do you recommend
a. Identify any internal control problem(s) in this arrangement.
b. What changes to its internal control system do you recommend
Explanation
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Verified
a.
The basic underlying principle of int...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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