Which of the following is not a universal rule for achieving internal control over cash?

Question

Quizplus · Accepted Answer

Separating recordkeeping from accounting for cash is not a universal rule for achieving internal control over cash. The correct principle is to separate cash handling from recordkeeping to prevent any single individual from having control over both the physical cash and the accounting records, which reduces the risk of theft or embezzlement.

Which of the Following Is not a Universal Rule for Achieving