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Identify Which Principle of Internal Control Is Being Followed in Each

Question 163

Essay

Identify which principle of internal control is being followed in each of the following cases.
1. Warehouse employees do not have access to the accounting records.
2. Pre-numbered shipping documents are prepared for each shipment of goods.
3. The locked warehouse is accessible only by warehouse employees with keys.

Correct Answer:

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1. Segregation of du...

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