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How Many of These Are Features of Good Internal Control

Question 1

Multiple Choice

How many of these are features of good internal control of cash payments?
1. separation of record-keeping and the authority to sign cheques
2. the use of pre-numbered cheques
3. preparing regular bank reconciliation statements
4. one person having responsibility for all aspects of a cash payment


A) One
B) Two
C) Three
D) Four

Correct Answer:

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