Which of the following is not a reason why a business needs strong internal controls over cash?
A) A small volume of high-denomination currency represents a significant amount of value.
B) Ownership of cash is difficult to prove.
C) Cash has universal appeal.
D) Money is the common unit of measurement in business.
Correct Answer:
Verified
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Q12: A business's administrative controls are concerned with
A)
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A) eliminate collusion
B)
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