of the following are reasons for very strict internal control of cash?
A) Cash is the most liquid asset because it is the medium of exchange.
B) Cash is relatively easy to steal.
C) Cash is easy to conceal.
D) All of the above are true.

Question

Quizplus · Accepted Answer

All of the options provided are true reasons for the need for very strict internal control of cash. Cash's high liquidity, ease of theft, and ease of concealment make it particularly vulnerable, necessitating stringent controls.

Of the Following Are Reasons for Very Strict Internal Control